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vedantaresources.com

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About Vedanta Resources

Vedanta is a globally diversified natural resources major with interests in Zinc, Lead, Silver, Copper, Iron Ore, Aluminium, Power and Oil & Gas.

Vedanta Resources Headquarter Location

16 Berkeley Street

London, England, W1J 8DZ,

United Kingdom

+44 020 7499 5900

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Latest Vedanta Resources News

Adani Group to invest $5.2 billion to set up alumina refinery in Odisha

Aug 11, 2022

2 min read . Updated: 11 Aug 2022, 12:02 PM IST Bloomberg Billionaire Adani had set up a wholly owned subsidiary, Mundra Aluminium Ltd., in December, signaling his aspirations in a sector that is dominated by heavyweights such as the Aditya Birla Group and the London-based Vedanta Resources Ltd. Listen to this article Adani Enterprises Ltd. plans to invest $5.2 billion in setting up an alumina refinery in the eastern Indian state of Odisha, as Gautam Adani, Asia’s richest man, adds one more business to his rapidly-expanding empire. The flagship company of the Adani Group got the approval to build the refinery and a captive power plant in Rayagada for an investment of 416.53 billion rupees ($5.2 billion), according to a Twitter post on Wednesday by the office of the state’s Chief Minister, Naveen Patnaik. The refinery will have an annual capacity of 4 million tons, according to another statement by the local government. A representative for Adani Enterprises declined to comment on the Odisha project or the company’s plans for its fledgling aluminum business. Billionaire Adani had set up a wholly owned subsidiary -- Mundra Aluminium Ltd. -- in December, signaling his aspirations in a sector that is dominated by heavyweights such as the Aditya Birla Group and the London-based Vedanta Resources Ltd. The tycoon, with the world’s biggest wealth gain this year to $126 billion, built his empire on agri-trading and ports but has speedily diversified into airports, data centers and renewable energy, often moving in lockstep with the Indian government’s policy priorities. Adani had scaled up his nascent cement business overnight by acquiring Holcim Ltd.’s India units for $10.5 billion in May, less than a year after setting up a cement subsidiary. He is now steadily building up his group’s metals portfolio after announcing plans for steel and copper plants earlier in the year.

Vedanta Resources Acquisitions

1 Acquisition

Vedanta Resources acquired 1 company. Their latest acquisition was Cairn India on April 11, 2017.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

4/11/2017

$99M

Acq - P2P

1

Date

4/11/2017

Investment Stage

Companies

Valuation

$99M

Total Funding

Note

Acq - P2P

Sources

1

Vedanta Resources Partners & Customers

5 Partners and customers

Vedanta Resources has 5 strategic partners and customers. Vedanta Resources recently partnered with DeTect Technologies on August 8, 2022.

Date

Type

Business Partner

Country

News Snippet

Sources

8/3/2022

Vendor

India

Detect Technologies announces global agreement with Vedanta

Chennai -LRB- Tamil Nadu -RRB- -LSB- India -RSB- , August 3 -LRB- ANI/PRNewswire -RRB- : Detect Technologies announces a global agreement with Vedanta Resources Limited for deployment of T-Pulse , their internationally deployed AI-based workplace safety software .

3

7/3/2022

Partner

Taiwan

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10

2/16/2022

Partner

Taiwan

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10

7/27/2020

Vendor

United Kingdom

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10

1/1/2011

Vendor

United Kingdom

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10

Date

8/3/2022

7/3/2022

2/16/2022

7/27/2020

1/1/2011

Type

Vendor

Partner

Partner

Vendor

Vendor

Business Partner

Country

India

Taiwan

Taiwan

United Kingdom

United Kingdom

News Snippet

Detect Technologies announces global agreement with Vedanta

Chennai -LRB- Tamil Nadu -RRB- -LSB- India -RSB- , August 3 -LRB- ANI/PRNewswire -RRB- : Detect Technologies announces a global agreement with Vedanta Resources Limited for deployment of T-Pulse , their internationally deployed AI-based workplace safety software .

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Sources

3

10

10

10

10

Vedanta Resources Team

5 Team Members

Vedanta Resources has 5 team members, including current Chief Commercial Officer, Sharad gargiya.

Name

Work History

Title

Status

Sharad gargiya

Hindustan Zinc, and Sterlite Technologies

Chief Commercial Officer

Current

Pramod Suri

Essar Group, JK Tyre, and CEAT

Chief Executive Officer, President, Senior Vice President

Former

G R Arun Kumar

Chief Financial Officer

Former

Neelesh Talathi

Chief Financial Officer

Former

Ramesh Venkat

Reliance Group

Chief Financial Officer

Former

Name

Sharad gargiya

Pramod Suri

G R Arun Kumar

Neelesh Talathi

Ramesh Venkat

Work History

Hindustan Zinc, and Sterlite Technologies

Essar Group, JK Tyre, and CEAT

Reliance Group

Title

Chief Commercial Officer

Chief Executive Officer, President, Senior Vice President

Chief Financial Officer

Chief Financial Officer

Chief Financial Officer

Status

Current

Former

Former

Former

Former

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