Vedanta Limited American Depositary Shares (Each representing four equity shares) (VEDL) Company Bio
Vedanta Limited 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. The company was formerly known as Sesa Sterlite Limited and changed its name to Vedanta Limited in March 2015. The company was founded in 1965 and is based in Panaji, India.
Vedanta Ltd, which plans to delist its shares has got permission from the two major stock exchanges in the country, where the shares are listed. "In connection with the delisting offer, this is to inform you that BSE Limited and National
New Delhi: The shutting down of Vedanta Ltd's copper smelter at Tuticorin in Tamil Nadu more than two years ago has led to the country having to spend USD 2 billion on the import of copper, a top company official said. The Madras High Court had earlier this month refused to allow the reopening of the plant that was shut in May 2018 after 13 people died when police fired upon protesters during anti-pollution demonstrations which had allegedly turned violent. "The government per se had lost forex of USD 2 billion, which was something like about Rs 15,000 crore per year… So say Rs 35,000-40,000 crore in this two-and-a-half year period by way of imports of copper, which we would have otherwise produced," Sterlite Copper CEO Pankaj Kumar told . The closure of the plant resulted in a monetary...