Vedanta Limited (formerly Sesa Sterlite Ltd. / Sesa Goa Ltd.) is a global diversified natural resources company with operations across zinc, lead, silver, oil & gas, iron ore, copper, aluminium and commercial power
In 2014, the Indian Government launched a major national campaign, ‘Make in India’, to encourage companies to manufacture in India. The initiative is focused on 25 sectors of the economy and aims to create jobs and enhance skills.
Vedanta has grown at a rapid pace in the last decade and is poised to maintain industry-leading growth rates as our capacities in Aluminium, Power, Iron ore, Zinc and Silver ramp up. Our commitment is to deliver excellence and create greater value for all our stakeholders, while our strategic priorities remain unchanged. Reflecting on another productive year, we are well-positioned to capitalise on India’s abundant natural resource opportunities.
We have continued to focus on improving our operational performance and enhancing production, delivering record volumes of zinc, copper and aluminium, and generating positive free cash flow in the volatile commodity markets. Safety remains a top priority and although fatalities have dropped, more remains to be done.Read more
Record full-year mined metal production at Zinc India; better positioned for underground transition
Copper India: Record production
Record full year Aluminium and Alumina production; started new Jharsuguda-II and Korba-II smelters
Recommenced Iron ore production at Karnataka; final approval awaited at Goa; record annual production of Pig Iron
Iron ore export duty in India reduced from 30% to 10% for less than 58% Fe iron ore, effective from June 1, 2015
Oil & Gas production normalised after the planned shutdown in Q2 FY 2014-15
The Sustainable Development Model, which comprises the three pillars of Responsible Stewardship, Building Strong Relationships and Adding and Sharing Value, provides us with a robust structure for driving future growth, advancing both our business outcomes and offering significant benefits to the communities that host our operations. This year, we have further added a fourth dimension: strategic communications, which reflects our dedication to transparency and to engage with all stakeholders. These pillars capture the steps we must take to ensure a long-term, successful future for our business – meeting our strategic goals of growth, long-term value and sustainable development. The development of our Sustainable Development Framework over the last few years provides us with a robust structure to deliver stakeholder value, supported by our sustainable development pillars.