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Vedanta owns 70.5% of the share capital of Vedanta Aluminium and Sterlite owns the remaining 29.5% share capital of Vedanta Aluminium. Vedanta Aluminium produces ingots, billets & wire rods that are sold in the markets around the world. Vedanta Aluminium Limited (VAL) has acquired a 24.5% stake in L & T subsidiary Raykal Aluminium.
The company was founded in Bombay (now Mumbai) in 1976 by Anil Agarwal, as a scrap-metal dealership. [9] In 1979, he acquired the Shamsher Sterling Corporation (subsequently renamed Sterlite Industries), a manufacturer of power and control cables. [10] The company acquired a majority stake in Balco, the Indian state aluminium business, in 2001 ...
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.
LONDON -- The FTSE 100 has risen 0.57% to 6,313 points this morning. The main force behind the U.K.'s top-tier index appears to be the miners, which are generally up around 2% to 3%. And those in ...
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.
Electronics giant Foxconn backed out of a $19.5 billion semiconductor joint venture with Indian mining conglomerate Vedanta Ltd. due to “external issues unrelated to the project,” it says, in ...
High purity silicon in different grades of purity is used for growing silicon ingots, which are sliced to wafers in a process called wafering. Compositionally pure polycrystalline silicon wafers are useful for photovoltaics. Dislocation-free and extremely flat single-crystal silicon wafers are required in the manufacture of computer chips.
He served as the Chief Executive Officer of Hindustan Zinc Limited (HZL), a subsidiary of Vedanta Resources, from 15 November 2005 to 30 June 2010. From October 2008 until April 2014, he was the CEO of Vedanta Resources. [5] [6] Mehta was appointed CEO of Reliance Infrastructure in July 2014. [7]