Vedanta (VEDL)

Vedanta Limited operates as a diversified natural resources company in India. It explores for, develops, extracts, produces, processes, and sells oil and gas, zinc, lead, silver, copper, aluminum, iron ore, steel, pig iron, and metallurgical coke. The company also operates a thermal coal-based commercial power facility of 600 megawatts (MW) at Jharsuguda in the State of Odisha in eastern India; 2 units of 300 MW thermal coal-based power plants at Korba; and 1,980 MW thermal coal-based commercial power facilities. Additionally, it has 274 MW of wind power plants and a power plant situated at Mettur Dam in the state of Tamil Nadu in southern India. In addition, it manufactures and supplies billets, TMT bars, wire rods, and ductile iron pipes. The company engages in the mechanization of coal handling facilities and the upgradation of general cargo berth for handling coal at the outer harbor of Visakhapatnam Port on the east coast of India. It also provides logistics and other allied services, including stevedoring and other allied services in ports and other sectors. Further, the company is involved in manufacturing glass substrates in South Korea and Taiwan. It operates in South Africa, Namibia, Ireland, Australia, Liberia, and the United Arab Emirates. The company was formerly known as Sesa Sterlite Limited and changed its name to Vedanta Limited in March 2015. It was founded in 1954 and is based in Mumbai, India. Vedanta Limited is a subsidiary of Vedanta Resources Limited.