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sesa sterlite ltd (SSLT) Snapshot

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sesa sterlite ltd (SSLT) Details

Vedanta Limited, a diversified natural resources company, primarily engages in exploring, extracting, and processing minerals, and oil and gas. The company produces oil and gas, zinc, lead, silver, copper, iron ore, and aluminum. It also operates various power plants, including 2,400 megawatts Jharsuguda power plant in Odisha, 270 megawatts power plant in Chhattisgarh, 100 megawatts power plant in Tamil Nadu, and 274 megawatts wind power plant at various locations in India. The company has operations in India and internationally. In addition, it engages in the mechanization of coal handling facilities and upgradation of general cargo berth for handling coal at the outer harbor of Vishakapatnam Port on the east coast of India. The company was formerly known as Sesa Sterlite Limited and changed its name to Vedanta Limited in March 2015. The company was incorporated in 1965 and is based in Panaji, India. Vedanta Limited operates as a subsidiary of Vedanta Resources Plc.

69,000 Employees
Last Reported Date: 06/15/15
Founded in 1965

sesa sterlite ltd (SSLT) Top Compensated Officers

Chief Executive Officer, Whole-Time Director,...
Total Annual Compensation: 53.1M
President and Group Chief Human Resources Off...
Total Annual Compensation: 11.1M
Executive Chairman and Member of Nomination &...
Total Annual Compensation: 129.6M
Chief Financial Officer, Whole Time Director,...
Total Annual Compensation: 39.8M
Chief Executive Officer of Iron Ore Business
Total Annual Compensation: 63.5M
Compensation as of Fiscal Year 2015.

sesa sterlite ltd (SSLT) Key Developments

Vedanta to Shut India Plant

Vedanta is closing an aluminium plant in India with the loss of 1,000 jobs due to a slump in metal prices and high energy costs. Vedanta announced that it has also started notifying workers about the 'unviability' of its refinery in Lanjigarh in the eastern state of Orissa, partly because of problems sourcing its main raw material bauxite.

Vedanta Limited Issue Non-Convertible Debentures Worth INR 20,000 Million

Vedanta Ltd. announced that it will issue non-convertible debentures (NCD) worth INR 20,000 million as the mining conglomerate aims to refinance its debt.

Vedanta Limited Receives Relevant Consent, License and Approvals to Commence the Iron-Ore Mining Operations in the State of Goa

Vedanta Limited has received the relevant consent, license and approvals to commence the iron-ore mining operations in the State of Goa for some of its leases. The Company is to recommence operations from August 10, 2015 at its biggest mine at Codli in Sanguem taluka in Goa. Further the company has been granted approval for total extraction of 5.5 million metric tons of which Codli is 3.1 million metric tons. Till date, five mining plans and schemes for company's mines have been cleared by Indian Bureau of Mines and the company is awaiting clearance of further 15 plans. Over the balance monsoon period The company anticipates receiving these approvals and expect a full scale resumption post monsoon. Mining operations in Karnataka resumed in February 2015.


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