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Sterlite
Sterlite Copper is a subsidiary of Sterlite industries, a company owned by Vedanta Limited. History It was originally incorporated as Rainbow Investments in 1975, the name of the company was changed to Sterlite Cables in 1976. It was later renamed Sterlite Industries in 1986. With a restructuring in July 2000, the company is left with only a metal division comprising copper and aluminium divisions. In 1994, it acquired Madras Aluminium Company (MALCO) for 55 crores. Sterlite and its associate companies took a 55% stake in India Foils for 50 crores. This improved Sterlite's product mix from aluminum metal to aluminum foil with the largest market share of 65%. In 1999, the company acquired Copper Mines of Tasmania. In February 2011, Sterlite Industries acquired Lisheen Zinc Mine in Ireland from Taurus International S.A., for a share value of approximately $546 million. In September 2013, SESA Goa, Sterlite Industries and Vedanta Aluminium merged to form Sesa Sterlite Limited ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sterlite Industries India Logo
Sterlite Copper is a subsidiary of Sterlite industries, a company owned by Vedanta Limited. History It was originally incorporated as Rainbow Investments in 1975, the name of the company was changed to Sterlite Cables in 1976. It was later renamed Sterlite Industries in 1986. With a restructuring in July 2000, the company is left with only a metal division comprising copper and aluminium divisions. In 1994, it acquired Madras Aluminium Company (MALCO) for 55 crores. Sterlite and its associate companies took a 55% stake in India Foils for 50 crores. This improved Sterlite's product mix from aluminum metal to aluminum foil with the largest market share of 65%. In 1999, the company acquired Copper Mines of Tasmania. In February 2011, Sterlite Industries acquired Lisheen Zinc Mine in Ireland from Taurus International S.A., for a share value of approximately $546 million. In September 2013, SESA Goa, Sterlite Industries and Vedanta Aluminium merged to form Sesa Sterlite Limited ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Vedanta Limited
Vedanta Limited is an Indian multinational mining company headquartered in Mumbai, India, with its main operations in iron ore, gold and aluminium mines in Goa, Karnataka, Rajasthan and Odisha. History Sterlite Industries Vedanta (then called Sterlite industries) began in the 1980s, as the founder D.P.Agarwal founded Sterlite Industries (India) Limited in Mumbai and begun to buy mining concessions in different states of India. He was soon joined by his two sons, Navin Agarwal and Sunil Agarwal, both of whom currently run the company. In 1992, they established Volcan investments in Nassau (Bahamas) as the main holding company for their mines. D.P.Agarwal had a small aluminium conductor business in Patna. His son Anil Agarwal had come to Mumbai to expand their business. In the 1990s, as the Indian government began to sell off sick (non-performing) companies, Sterlite began to bid for them. They were able to bid successfully for BALCO and Hindustan Zinc Limited, both bankrupt comp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sesa Sterlite Limited
Vedanta Limited is an Indian multinational mining company headquartered in Mumbai, India, with its main operations in iron ore, gold and aluminium mines in Goa, Karnataka, Rajasthan and Odisha. History Sterlite Industries Vedanta (then called Sterlite industries) began in the 1980s, as the founder D.P.Agarwal founded Sterlite Industries (India) Limited in Mumbai and begun to buy mining concessions in different states of India. He was soon joined by his two sons, Navin Agarwal and Sunil Agarwal, both of whom currently run the company. In 1992, they established Volcan investments in Nassau (Bahamas) as the main holding company for their mines. D.P.Agarwal had a small aluminium conductor business in Patna. His son Anil Agarwal had come to Mumbai to expand their business. In the 1990s, as the Indian government began to sell off sick (non-performing) companies, Sterlite began to bid for them. They were able to bid successfully for BALCO and Hindustan Zinc Limited, both bankrupt comp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Anil Agarwal (businessman)
Anil Agarwal (born 1954) is an Indian Billionaire who is the founder and Chairman of Vedanta Resources Limited. He controls Vedanta Resources through Volcan Investments, a holding vehicle with a 100% stake in the business.Anil Agarwal's family have $4 billion net worth. Early life Agarwal was born and brought in a Marwadi family in Patna, Bihar, India. His father Dwarka Prasad Agarwal had a small aluminium conductor business. He studied at Miller High School, Patna. He decided to join his father's business, making aluminium conductors instead of going to university. At 19, he left Patna for Mumbai (then Bombay) to explore career opportunities. Career In the mid-1970s, he began trading in scrap metal, collecting it from cable companies in other states and selling it in Mumbai. In 1976, Anil Agarwal acquired Shamsher Sterling Corporation, a manufacturer of enameled copper, among other products, with a bank loan. For the next 10 years, he ran both businesses. In 1986, he set ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hindustan Zinc
Hindustan Zinc Limited (HZL) is an Indian integrated mining and resources producer of zinc, lead, silver and cadmium. It is a subsidiary of Vedanta Limited. Earlier it was a Central Public Sector Undertaking, sold by Government of India to Vedanta Limited when Atal Bihari Vajpayee and Bharatiya Janta Party Government was in power in the year 2003. HZL is the world's second largest zinc producer. The company is one of the world's largest integrated producers of zinc and are among leading global lead and silver producers. History Hindustan Zinc Limited was incorporated from the erstwhile Metal Corporation of India on 10 January 1966 as a Public Sector Undertaking (PSU). In 2001, as part of the Government of India's disinvestment program of loss-making PSUs, the company was put up for sale. In April 2002, Sterlite Opportunities and Ventures Limited (SOVL) made an open offer for acquisition of shares of the company; consequent to the disinvestment of Government of India's (G ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Thoothukudi
Thoothukudi (formerly Tuticorin) is a port city, a municipal corporation and an industrial city in Thoothukudi district in the Indian state of Tamil Nadu. The city lies in the Coromandel Coast of Bay of Bengal. Thoothukudi is the capital and headquarters of Thoothukudi district. It is located about southwest of Chennai, northeast of Thiruvananthapuram and southeast of Bangalore. According to Confederation of Indian Industry, Thoothukudi has the second highest Human Development Index in Tamil Nadu next to Chennai. Thoothukudi City serves as the headquarters of Tamilnad Mercantile Bank Limited. Major educational establishments in the city include Government Thoothukudi Medical College, Fisheries College and Research Institute, Tamil Nadu Maritime Academy, V.O. Chidambaram College, Kamaraj College, Anna University (Thoothukudi Campus) and Government Polytechnic College. V. O. Chidambaranar Port Trust is one of the fastest growing Major Ports in India. Thoothukudi is an "Emergi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tuticorin
Thoothukudi (formerly Tuticorin) is a port city, a municipal corporation and an industrial city in Thoothukudi district in the Indian state of Tamil Nadu. The city lies in the Coromandel Coast of Bay of Bengal. Thoothukudi is the capital and headquarters of Thoothukudi district. It is located about southwest of Chennai, northeast of Thiruvananthapuram and southeast of Bangalore. According to Confederation of Indian Industry, Thoothukudi has the second highest Human Development Index in Tamil Nadu next to Chennai. Thoothukudi City serves as the headquarters of Tamilnad Mercantile Bank Limited. Major educational establishments in the city include Government Thoothukudi Medical College, Fisheries College and Research Institute, Tamil Nadu Maritime Academy, V.O. Chidambaram College, Kamaraj College, Anna University (Thoothukudi Campus) and Government Polytechnic College. V. O. Chidambaranar Port Trust is one of the fastest growing Major Ports in India. Thoothukudi is an "Emergi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Copper Mines Of Tasmania
Copper Mines of Tasmania is the successor company to the Mount Lyell Mining and Railway Company that operated in Queenstown, Tasmania for just short of one hundred years. History The first form of the company existed during the time of the Mount Lyell Remediation and Research and Demonstration Program. Following the first form going into administration in 1998 the mine was then acquired in 1999 by Monte Cello BV. First it operated as a subsidiary and then acquired by Sterlite Industries (India) Limited. It is now owned by Vedanta Resources. Its mine output goes to supply the companies copper smelter in Tuticorin, India. Production stopped at the mine in January 2014 following three deaths. Its reopening was subsequently prevented by a rockfall. As of July 2014, it was not expected to reopen for up to three years. See also *West Coast Tasmania Mines The mines of the West Coast of Tasmania have a rich historical heritage as well as an important mineralogical value in contai ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bharat Aluminium Company
Bharat Aluminium Company Ltd. (BALCO) was an Indian government owned aluminium producer under Ministry of Mines, Government of India. In 2000, the Ministry of Mines, Government of India sold it to Vedanta Resources when Atal Bihari Vajpayee-Bharatiya Janta Party-National Democratic Alliance-led-government was in power. BALCO was incorporated in the year 1965 as a central public sector unit (CPSU) and it was the central government-establishment until 2001, when it was taken over by Vedanta Resources, a company listed on the London Stock Exchange. The government company has been closely associated with the Indian Aluminium Industry, in a pivotal role. Mr. Abhijit Pati is the current CEO & Whole Time Director of the company. History It was incorporated in 1965 as a Public Sector Undertaking. It is the first public sector enterprise in India which started producing aluminium in 1974. Till 2001, BALCO was a public sector enterprise owned 100% by Government of India. In 20 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rediff
Rediff.com (stylized as ''rediff.com'') is an Indian news, information, entertainment and shopping web portal. It was founded in 1996. It is headquartered in Mumbai, with offices in Bangalore, New Delhi and New York City. , it had more than 300 employees. It is one of the earliest web portals and email providers in India. When its founder Ajit Balakrishnan launched Rediff on the NeT, the internet was barely five months old in the country, and had a total of about 18,000 users. History The Rediff.com domain was registered in India in 1996. Early products included the email service Rediffmail and Rediff Shopping, an online marketplace selling electronics and peripherals. In 2001, Rediff.com was alleged to be in violation of the Securities Act of 1933 for filing a materially false prospectus in relation to an IPO of its American depositary shares. The case was resolved by settlement in 2009. In April 2001, Rediff.com acquired the ''India Abroad ''India Abroad'' is a weekly new ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tamil Nadu
Tamil Nadu (; , TN) is a States and union territories of India, state in southern India. It is the List of states and union territories of India by area, tenth largest Indian state by area and the List of states and union territories of India by population, sixth largest by population. Its capital and largest city is Chennai. Tamil Nadu is the home of the Tamil people, whose Tamil language—one of the longest surviving Classical languages of India, classical languages in the world—is widely spoken in the state and serves as its official language. The state lies in the southernmost part of the Indian peninsula, and is bordered by the Indian union territory of Puducherry (union territory), Puducherry and the states of Kerala, Karnataka, and Andhra Pradesh, as well as an international maritime border with Sri Lanka. It is bounded by the Western Ghats in the west, the Eastern Ghats in the north, the Bay of Bengal in the east, the Gulf of Mannar and Palk Strait to the south-eas ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Earnings Before Interest, Taxes, Depreciation And Amortization
A company's earnings before interest, taxes, depreciation, and amortization (commonly abbreviated EBITDA, pronounced , , or ) is a measure of a company's profitability of the operating business only, thus before any effects of indebtedness, state-mandated payments, and costs required to maintain its asset base. It is derived by subtracting from revenues all costs of the operating business (e.g. wages, costs of raw materials, services ...) but not decline in asset value, cost of borrowing, lease expenses, and obligations to governments. Though often shown on an income statement, it is not considered part of the Generally Accepted Accounting Principles (GAAP) by the SEC and the SEC hence requires that companies registering securities with it (and when filing its periodic reports) reconcile EBITDA to net income. Usage and criticism EBITDA is widely used when assessing the performance of a company. EBITDA is useful to assess the underlying profitability of the operating businesses ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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