this company see sesa f.a. vedanta limited type public limited traded as bse 500295 nse sesagoa nyse sslt bse sensex constituent industry mining founded 1954 headquarters new delhi india key people anil agarwal chairman emeritus navin agarwal chairman tom albanese chief executive officer d.d. jalan cfo products zinc lead oil and gas iron ore aluminium copper gold and silver revenue 639.31 billion us 9.5 billion 2016 1 net income 158.29 billion us 2.4 billion 2016 2 number of employees approx . 4 100 2010 website www.vedantalimited.com vedanta limited formerly known as sesa sterlite sesa goa limited a vedanta group company is one of the world s largest global diversified natural resource majors with operations across zinc lead silver oil & gas iron ore copper aluminium and commercial power . for more than five decades it has been engaged in exploration mining and processing of iron ore . the company was founded in 1954 as scambi economici sa goa . 1 since then it has grown to be one among the top low cost producers of iron ore in the world . during 1991 1995 it diversified into the manufacture of pig iron and metallurgical coke . it has also developed indigenous and environment friendly technology for producing high quality metallurgical coke . in 2007 it became a majority owned subsidiary 2 of vedanta resources plc listed on the london stock exchange when vedanta acquired 51 % controlling stake from mitsui & co. ltd. in june 2009 sesa goa limited acquired 3 vs dempo & co. private limited now sesa resources limited along with its fully owned subsidiary dempo mining corporation now vedanta limited and 50 % equity in goa maritime private limited . in 2010 vedanta acquired the zinc assets of british miner anglo american plc. in 2011 vedanta resources bought 58.5 % controlling stake in cairn india india s largest private sector oil & gas company . 4 the company acquired 51 % stake in western cluster limited liberia in the same year and then went on to takeover the remaining 49 % share in wcl from elenilto minerals & mining llc . 5 in 2013 sterlite industries and sesa goa announced their merger and finally merged into a single entity in august 2013 . 6 in 2015 sesa sterlite changed its name to vedanta limited . 7 sesa goa limited s operations are located predominantly in goa and karnataka with offices in various locations across india . its head office in india is in panaji goa while its liberia office is in monrovia and china office is in shanghai . contents 1 history & milestones 1.1 brief outline 1.1.1 milestones 2 products and operations 3 offices 4 see also 5 external links and references 6 notes history & milestones edit brief outline edit scambi economici societa anonyma sesa owned by baron ludovic toeplitz with the financial backing of alessandro vassalo obtained the orasso dongor mining lease in sirsaim goa in 1954 and sesa goa limitada was formed . it was bought over in 1955 with equal shareholding by gewerkeshaft exploration e bergbau and ferromin s.p.a. a subsidiary of finsider s.p.a. of iri group which eventually acquired the other half stake in 1963 . sesa goa limitada was incorporated as a private limited company in 1963 under the companies act 1956 . in 1979 sesa goa private limited was formed with the merger of sesa goa limitada with another mining company in goa mingoa sociedade miniera goesa s.a.r.l. in 1981 sesa goa limited became a public limited company with 60 % equity with indian shareholders . in 1996 mitsui & co. ltd. of japan acquired finsider international along with its 51 % stake in sesa goa limited . in 2007 vedanta resources plc acquired the controlling stake in sesa goa limited from mitsui & co. ltd . milestones edit by 1965 sesa goa and mingoa were incorporated as a private limited company under the companies act 1956 . the merger happened in 1979 and the new unified company was called sesa goa pvt ltd . the company went public in 1981 8 with 42 000 indian shareholders holding 60 % of its shares and the remaining 40 % held by finsider international which later became ilva international . sesa goa had started with iron mining as its core business but slowly it ventured into barge construction in 1984 at sirsaim located in the bardez taluka of north goa . since then the barge construction unit has been developed into a shipbuilding division . 9 growth in the 90s in 1992 the first phase of a 150 000 ton pig iron plant was commissioned . in the same year sesa introduced india s first low phosphorus foundry grade pig iron in india and subsequently formalised the business under pig iron division . the pig iron plant is located at amona goa . this plant has an annual production capacity of 250 000 tonnes per annum . other alliances were formed in the nineties in january 1995 sesa shipping was launched by acquiring transhipper m.v. orissa . the year also saw the inclusion of 84 new coke ovens . when mitsui & co. of japan bought finsider international in 1996 it gained 51 % stake in sesa go . by 1997 sesa kembla became a 100 % subsidiary of sesa goa . in 1997 a narrain mines located in chitradurga karnataka were purchased . this mine is currently the company s second largest mine in india . a supreme court directive in august 2011 led to suspension of mining activities in the region . in 1999 sesa goa started mining operations in barbil which has the fifth largest deposit of iron ore and manganese in the world . they started producing high grade iron ore which was exported from the port towns of haldia and paradip . along with these business ventures in 1998 the company started the sesa community development foundation that supported the ncm sesa technical school and a new sesa football academy . the company promoted sesa f.a. mergers and acquisitions 2000 onwards sesa kembla completed the creation of an indigenous and environment friendly technology that produced high quality metallurgical coke . this technology generated power 10 as a by product . in 2002 sesa group becomes the first business of its kind to be certified with ohsas 18001 . 11 in 2003 the sesa goa equity in sesa industries was raised to 88.25 % impacting the shareholding pattern . in 2007 vedanta resources plc a diversified metals and mining group founded by anil agarwal acquired 51 % controlling stake 12 in sesa goa ltd. from mitsui & co. ltd. vedanta resources is listed on the london stock exchange and a constituent of ftse 100 index . the deal was worth 40.7 billion us 600 million making it the largest m & a deal in the industry so far . 13 in 2009 sesa goa acquired goa based dempo group s mining and maritime businesses for 17.5 billion us 260 million in an all cash deal . 3 14 this was the second largest 15 acquisition in india s iron ore industry and it gave sesa goa access to dempo s 70 million tons of iron ore mineable resources in goa . in 2011 sesa goa purchased 51 % stake in western cluster liberia for 90 million . 16 the liberia gola forest community people who also suffered from the civil war believe that the coming of western cluster will help to allievate their sufferin g and provide employment . products and operations edit zinc lead silver zinc india business is owned and operated by hindustan zinc limited hzl . hzl owns and operates a fully integrated zinc lead business . hzl is one of the world s largest integrated zinc lead producers by volume . sesa sterlite owns 64.9 % of the share capital of hzl while the government of india remains an equity partner and holds a 29.5 % stake . hzl is listed on indian stock exchanges nse and bse . hzl s fully integrated zinc operations include five lead zinc mines one rock phosphate mine four hydrometallurgical zinc smelters two lead smelters one lead zinc smelter four sulphuric acid plants one silver refinery and six captive power plants at our chanderiya dariba and zawar facilities in the state of rajasthan processing and refining facilities for zinc at haridwar and for zinc lead and silver at pantnagar both in the state of uttarakhand and in northern india . in fy 2013 these operations delivered 870 000 tonnes of mined zinc lead metal in concentrate and 802 000 tonnes of refined zinc and lead oil & gas sesa sterlite s oil & gas operations comprise the assets of cairn india in india sri lanka and south africa . cairn india is india s largest private sector crude oil producer contributing to over 25 % of india s crude oil production . sesa sterlite owns 58.9 % of cairn india which is also the fastest growing asian e & p company platts 2011 and one of the top 20 independent e & p companies worldwide . cairn india has a world class resource base with interest in eight blocks in india one in sri lanka and one in south africa . cairn india s resource base is located in four strategically focused areas the onshore rj on 90 1 rajasthan block two blocks on the west coast of india four blocks on the east coast of india including one in sri lanka and one block in south africa . cairn india s rajasthan block is the largest onshore discovery in india in the last 20 years and has an estimated 7.3 billion barrels of oil equivalent in place with a basin potential to support a production rate of 300 000 barrels of oil per day . cairn india has a strong track record of exploration with nearly 50 % exploration success ratio . it has initiated an exploration and appraisal programme to unlock further potential in the proven rajasthan block . cairn india has a planned net capital investment of us 3 billion through fy2016 with around 80 % of this investment allocated for the rajasthan block . cairn india has a current operating capacity of 178 000 boepd at rajasthan and remains on track to deliver a fy2013 14 exit production target of over 200 000 boepd . the company has recently commenced gas sales from the rajasthan block . sesa sterlite s oil & gas operations comprise the assets of cairn india in india sri lanka and south africa . cairn india is india s largest private sector crude oil producer contributing to over 25 % of india s crude oil production . iron ore sesa sterlite is largest private sector exporter of iron ore in india and is developing large iron ore deposits in liberia . iron ore mining operations are carried out in the indian states of goa and karnataka . we also manufacture pig iron and metallurgical coke . during fy 2013 our indian iron ore operations were affected by a suspension of iron ore mining activities across the states of goa and karnataka . the honourable supreme court allowed resumption of karnataka mine in april 13 subject to statutory clearances . subsequent to receiving all the approvals they have started mining in karnataka from 28 december 13 . in 2011 sesa goa limited had acquired iron ore assets in liberia with around 1 billion in reserves and resources across three deposits bomi hills bea mountain and mano river located at a distance of 70 140 kilometers from the port at monrovia . extensive drilling at our liberia assets has confirmed a billion tonne of iron ore deposit last year with further multifold upside . currently they are reviewing the different phased options including the first phase of 2 million tons . sesa sterlite is largest private sector exporter of iron ore