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Vedanta Resources

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PROFILE

  • SECTOR:

  • Metal

RSG COMMENT

  •  LSE-listed diversified FTSE 100 metals and mining company And India’s largest non-ferrous metals and mining company based on revenues. Our business is principally located in India, one of the fastest growing large economies in the world. It is also developing commercial power stations in India in Orissa and Punjab.

    Vedanta Resources Plc (VED), has begun a proposed take over of Cairn India Ltd. (CAIR), buying 10.4 percent in the explorer. Vedanta’s acquisition of shares from Petronas is in addition to the open offer and may result in the miner holding 51 percent to 70.4 percent in Cairn India.