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Vedanta (then called Sterlite industries) began in the 1980s, as the founder D.P.Agarwal founded Sterlite Industries (India) Limited in Mumbai and begun to buy mining concessions in different states of India. He was soon joined by his two sons, Navin Agarwal and Anil Agarwal, both of whom currently run the company.
In 2011, Vedanta acquired 58.5% controlling stake in Cairn India, India's largest private sector oil & gas company [18] [19] and in 2013, Sterlite Industries and Sesa Goa announced a merger. The merger took place in August 2013 and the consolidated group was then called Sesa Sterlite Ltd (now Vedanta Limited). [20]
The next year, Vedanta Resources acquired controlling stake in Cairn India, India's largest private sector oil-producing firm. [24] The merger of Sesa Goa and Sterlite Industries was announced in 2012, as part of the Vedanta Group's consolidation.
BENGALURU (Reuters) -India's Vedanta fell over 2% on Tuesday, a day after Taiwan's Foxconn said it withdrew from a $19.5 billion semiconductor joint venture with the metals-to-oil conglomerate.
Vedanta Resources is a holding company that owns many entities including a large proportion of Vedanta Limited and Sterlite industries. [20] Vedanta Sterlite Copper Public Relations: Vedanta Sterlite Copper, a major entity in the mining and metallurgy sector, collaborates with an official Public Relations agency to manage its public communications.
Hindustan Zinc Limited (HZL) is an Indian integrated mining and resources producer of zinc, lead, silver and cadmium.It is a subsidiary of Vedanta Limited. [4] Earlier it was a Central Public Sector Undertaking, sold by Government of India to Vedanta Limited when Atal Bihari Vajpayee and Bharatiya Janta Party Government was in power in the year 2003.
Nand Ghar is the flagship project of the Anil Agarwal Foundation, the philanthropic arm of the Vedanta Group. [1] [2] [3] The project provides infrastructure facilities along with early childhood education, healthcare, nutrition, and skill development for women with the goal of empowering 7 crore children and 2 crore women over 13.7 lakh Anganwadi centers in India.
Vedanta is a proposed, private, multi-disciplinary, co-educational university to be started by Anil Agarwal of Vedanta Resources corporation near Puri-Konark highway, Odisha, India. In July 2009, the government of Odisha passed a landmark bill to allow this massive university to be set up and function with autonomy.