DOCSLIB.ORG

Delivering Growth Long-Term Value Sustainability

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text

Load more

Sterlite Industries (India) Limited Delivering Gr ow t h Long-term value Su st ai n ab i l i t y STERLITE INDUSTRIES (INDIA) LIMITED ANNUAL REPORT 2011 Our Values Entrepreneurship We foster an entrepreneurial spirit throughout our businesses and value the ability to foresee business opportunities early in the cycle and act on them swiftly. Whether it be developing organic growth projects, making strategic acquisitions or creating entrepreneurs from within, we ensure an entrepreneurial spirit at the heart of our workplace. Growth We continue to deliver growth and generate signi cant value for our shareholders. Moreover, Our Vision our organic growth pipeline is strong as we To create a world class, seek to continue to deliver signi cant growth for diversi ed resources company shareholders in the future. We have pursued with high quality assets, low cost growth across all our businesses and into new production, providing superior areas, always on the basis that value must be returns to our shareholders. delivered. Excellence Achieving excellence in all that we do is our way of life. We strive to consistently deliver projects ahead of time at industry-leading costs of construction and within budget. We are constantly focused on achieving a top decile cost of production in each of our businesses. To achieve this, we follow a culture of best practice benchmarking. Trust The trust that our stakeholders place in us is key to our success. We recognise that we must responsibly deliver on the promises we make to earn that trust. We constantly strive to meet stakeholder expectations of us and deliver ahead of expectations. Sustainability We practise sustainability within the framework of well-de ned governance structures and policies and with the demonstrated commitment of our management and employees. We aim that our projects make a net positive impact on the environment, wherever we work. Sterlite Industries (India) Ltd. Annual Report 2011 1 Contents 02 Highlights Company Overview 04 Sterlite at a glance 06 Chairman’s Communiqué 08 Company Overview 14 Board of Director’s Pro le 18 Performance 20 – Copper Business 22 – Zinc and Lead Review 24 – Aluminium 27 – Energy 28 Operational Performance 32 Financial Performance 34 Risk and Uncertainties Development Sustainable 42 Sustainability Report 53 Corporate Social Responsibility (CSR) Governance Corporate 65 Directors’ Report 75 Corporate Governance Report 94 Auditors’ Report 138 Consolidated Balance Sheet 98 Balance Sheet 139 Consolidated Pro t and Loss Account 99 Pro t & Loss Account 141 Consolidated Cash Flow Statement 100 Cash Flow Statement 143 Schedules forming part of the Statements Financial 102 Schedules forming part of the Consolidated Balance Sheet Balance Sheet 151 Schedules forming part of the 114 Schedules forming part of the Consolidated Pro t and Loss Account Pro t & Loss Account 153 Notes forming part of the 116 Notes Forming Part of the Accounts Consolidated Accounts th 136 Balance Sheet Abstract and 174 Notice of the 36 Annual General Company’s General Business Pro le Meeting 137 Auditors’ Report on the 181 Information to shareholders on Consolidated Financial Statements dematerialisation of shares 2 Sterlite Industries (India) Ltd. Annual Report 2011 www.sterlite-industries.com Highlights Financials Zinc-Lead Indian Operations: — Highest ever production of Rods – — Consolidated turnover for the — Highest ever zinc and lead mined 1,60,665 MT and Rolled Products nancial year 2010-11 ` 30,248 metal production of 840,000 MT – 66,706 MT Crore up by 23% — Re ned zinc metal production of — Construction of 1,200 MW CPP — PBIDT of ` 10,522 Crore up 712,000 MT and 174,000 kg at BALCO is progressing well for by 32% of silver commissioning of First unit by Q2 — PAT of ` 7,322 Crore up by 35% — Accelerated ramp up at silver FY 2011-12 — Attributable Pro t of ` 5,043 Crore rich Sindesar Khurd mine - up by 35% successfully commissioned the Power — Consolidated EPS ` 15/- post 1.50 million tonne per annum — Record sales of 2,035 million share split and bonus issue concentrator units, up 44% from previous year — ` 1.1/- dividend per equity share — New 160 MW captive power plant — First 600 MW unit of the 2,400 of ` 1 each (110%) on increased commissioned at Dariba, India MW (600 MW x 4) Independent capital following 1:1 bonus issue Power Plant (IPP) at Jharsuguda for the nancial year 2010-11 Zinc-Lead International Acquisition commissioned and the Second & Operations: unit under trial Market Capitalisation — The acquisition of Skorpion Zinc, — Addition of 48 MW Wind Power — ` 58,283 Crore Sterlite’s market Namibia was completed in Plant at HZL making total green capitalisation as on 31 March 2011 December 2010 power to 171 MW — The acquisitions of Black Copper Mountain Mines in South Africa Port & Infrastructure Project — Cathode production 303,991 MT and Lisheen Mines in Ireland were — Successful entry into the growing — Highest ever domestic sales of completed in February 2011 port sector in India. 2,06,653 MT — Successful tender to construct — 160 MW captive power plant Aluminium a coal berth of ` 675 Crore construction work progressing — Highest ever hot metal production at Vizag for scheduled completion well of 2,55,298 MT by mid 2012 Sterlite Industries (India) Ltd. Annual Report 2011 3 Consolidated Performance Sales & Services ` Crore Gross Pro t (PBDIT) ` Crore Cash Pro t (PBDT) ` Crore 35000 12000 12000 Company Overview 30000 10000 10000 25000 8000 8000 20000 6000 6000 15000 4000 4000 10000 5000 2000 2000 Business Review 0 FY-2011 FY-2010 FY-2009 FY-2008 FY-2007 0 FY-2011 FY-2010 FY-2009 FY-2008 FY-2007 0 FY-2011 FY-2010 FY-2009 FY-2008 FY-2007 Attribuitable Pro t ` Crore Gross Fixed Asset ` Crore Net Worth ` Crore 6000 50000 45000 40000 5000 40000 35000 Development Sustainable 4000 30000 30000 25000 3000 20000 20000 2000 15000 10000 10000 1000 5000 0 FY-2011 FY-2010 FY-2009 FY-2008 FY-2007 0 FY-2011 FY-2010 FY-2009 FY-2008 FY-2007 0 FY-2011 FY-2010 FY-2009 FY-2008 FY-2007 Governance Corporate Segment Contribution 2005-06 (PBIT) 2010-11 (PBIT) Statements Other Financial Zinc & Lead 1% 66% Power 3% Copper 23% Zinc & Lead Copper 77% 12% Aluminium 7% Aluminium 11% 4 Sterlite Industries (India) Ltd. Annual Report 2011 www.sterlite-industries.com Sterlite at a Glance Our principal operations are located in India, where we have a substantial market share in each of our main metal: aluminium, copper, zinc and lead and also operate a copper mine in Australia. In the year 2010-11, we acquired zinc assets in Namibia, South Africa and Ireland, thus spreading our global presence. Group Structure Vedanta Resources (Listed on LSE) 70.5% 54.6% 94.8% 29.5%Sterlite 3.1% Vedanta Industries Madras Aluminium (Listed on BSE, Aluminium (VAL) NSE and NYSE (MALCO) Bharat Zinc-India(HZL) Australian Aluminium (Listed on BSE Sterlite Energy Copper Mines (BALCO) and NSE) 51.0% 64.9% 100% 100% KEY Skorpion Black Aluminium and Lisheen Mountain Copper Power Zinc-India Zinc-International 100% 74% Percentage Shareholding as of March 31, 2011 Sterlite Industries (India) Ltd. Annual Report 2011 5 Company Overview Business Review Aluminium Copper Zinc Power Development Sustainable Projects under development India Captive Power Plant 01. Debari Smelter 02. Chanderiya Smelters 03. Rampura Agucha Mine 04. Rajpura Dariba and Sindesar Khurd Mine 05. Zawar Mine 06. Silvassa Re nery 07. Tutircorin Smelter and Re nery 08. Vizag Smelter 13 Governance 09. Lanjigarh Mine and Re nery (VAL) Corporate 10. Jharsuguda Aluminium (VAL) and Commercial Power project 11. Korba Smelter 12. Mt. Lyell Mine 3 13. Talwandi Sabo Power Limited 14. Skorpion Mine 1 4 15. Black Mountain Mine 2 5 16. Lisheen Mine 11 11 Australia Namibia Statements 10 10 Financial 6 9 14 8 12 Ireland South Africa 15 16 7 The maps are not to scale. 6 Sterlite Industries (India) Ltd. Annual Report 2011 www.sterlite-industries.com Chairman’s Communiqué Against a background of robust demand for commodities, we have delivered an exceptional nancial performance, achieving record levels of production and record sales of power. Our industry- leading organic growth programme, supplemented by strategic acquisitions, places Sterlite in a strong position to capitalise on the growing demand for commodities, and will underpin our objective to deliver growth and long-term value for our shareholders. Dear Shareholders, delivered a robust nancial performance. smelter at Dariba commissioned at the end Strengthening prices, increased volumes of the nancial year 2009-10 ramped up. It gives me great pleasure to share the and a continued strong focus on We are also well on our way to becoming performance and highlights of the year operational ef ciency have contributed one of the world’s largest integrated silver 2010-11. It has been a ful lling year for to a substantial growth in Net Sales of producers, as we ramp up production at the Sterlite, with achieved record levels of ` 30,248 Crore, a 23.4% increase Sindesar Khurd (SK) mine. Once the SK production, record sales of power, and compared to last year and a record PBDIT mine reaches full capacity in FY 2012, we an impressive 32% increase in PBDIT, of ` 10,522 Crore. EPS increased by 28% will have a capacity of 16 million ounces of as we continue our focus on delivering during the year. We continue to deliver re ned silver per annum. growth and creating long-term value for our volume growth, with signi cant increases shareholders. achieved in zinc-lead and commercial We started two 600 MW units of the 2,400 energy businesses. MW power plant at Jharsuguda and also Our extensive investment in organic announced the addition of a fourth 660 MW growth projects continues, driving strong The balance sheet remained strong unit at the Talwandi Sabo Power Limited PBDIT and cash ow growth.
Recommended publications
  • Indie - Energetický Profil

    Indie - Energetický Profil

    Věc: Indie - energetický profil 1. Skladba energetického mixu 1.1. Celková nabídka primárních zdrojů energie – TPES Indický energetický sektor je velmi diverzifikovaný. Primárním zdrojem energie jsou jak konvenční zdroje (uhlí, lignit, zemní plyn, ropa, voda a jádro), tak i nekonvenční zdroje (vítr, slunce, zemědělský a komunální odpad). V roce 2015 bylo procentuální složení výroby elektrické energie následující: 69-70 % tepelné elektrárny, 15 % vodní elektrárny, 2 % jaderné elektrárny a 13 % obnovitelné zdroje. Indie je 5. největším výrobcem elektřiny na světě. Indie je zároveň 4. největším spotřebitelem energie na světě po Číně, USA a Rusku. Populace Indie se blíží počtu obyvatel Číny, ale energetická spotřeba Indie je pouhá jedna čtvrtina spotřeby Číny. V roce 2016 činí poptávka po elektřině cca 155 GW. Odhaduje se, že v letech 2021-22 to bude cca 217 GW. TIC, strana 1 1.2. Podíl jednotlivých zdrojů na celkové výrobě elektřiny Údaje jsou v gigawattech (GW), poslední sloupec udává procentuální zastoupení Rok 1997 2002 2007 2012 2015 2015 (%) uhlí 54,2 62,1 71,1 112,0 164,6 60,6% zemní plyn 6,6 11,1 13,7 18,4 23,1 8,5% diesel 0,3 1,1 1,2 1,2 1,2 0,4% hydro 21,7 26,1 36,4 42,6 41,3 15,2% malé hydro 3,4 3,8 1,4% jádro 2,2 2,7 3,9 4,8 5,8 2,1% vítr 0,4 0,8 4,1 16,5 24,2 8,9% solár 0,0 0,0 0,0 0,6 3,7 1,4% biomasa 0,5 0,9 1,9 3,8 4,1 1,5% Celkem 85,9 GW 104,9 GW 132,3 GW 203,3 GW 271,7 GW 100,0% 1.3.
  • VRPLC Results Presentation FY2019.Pdf

    VRPLC Results Presentation FY2019.Pdf

    Cautionary Statement and Disclaimer The views expressed here may contain information derived from statement involves risk and uncertainties, and that, although we publicly available sources that have not been independently verified. believe that the assumption on which our forward-looking statements are based are reasonable, any of those assumptions No representation or warranty is made as to the accuracy, could prove to be inaccurate and, as a result, the forward-looking completeness, reasonableness or reliability of this information. Any statement based on those assumptions could be materially forward looking information in this presentation including, without incorrect. limitation, any tables, charts and/or graphs, has been prepared on the basis of a number of assumptions which may prove to be This presentation is not intended, and does not, constitute or form incorrect. This presentation should not be relied upon as a part of any offer, invitation or the solicitation of an offer to recommendation or forecast by Vedanta Resources plc and Vedanta purchase, otherwise acquire, subscribe for, sell or otherwise dispose Limited and any of their subsidiaries. Past performance of Vedanta of, any securities in Vedanta Resources plc and Vedanta Limited and Resources plc and Vedanta Limited and any of their subsidiaries any of their subsidiaries or undertakings or any other invitation or cannot be relied upon as a guide to future performance. inducement to engage in investment activities, nor shall this presentation (or any part of it) nor the fact of its distribution form This presentation contains 'forward-looking statements' – that is, the basis of, or be relied on in connection with, any contract or statements related to future, not past, events.
  • Vedanta Ltd (SESGOA) | 105 Target : | 100 Target Period : 12 Months Potential Upside : -5% Domestic Zinc Business Leads Beat…

    Vedanta Ltd (SESGOA) | 105 Target : | 100 Target Period : 12 Months Potential Upside : -5% Domestic Zinc Business Leads Beat…

    Result Update October 28, 2015 Rating matrix Rating : Hold Vedanta Ltd (SESGOA) | 105 Target : | 100 Target Period : 12 months Potential Upside : -5% Domestic zinc business leads beat…. • Vedanta reported a healthy set of Q2FY16 numbers wherein the What’s Changed? topline and EBITDA came in higher than our estimates. A better-than- Target Changed from | 95 to | 100 expected performance during the quarter was primarily driven by the EPS FY16E Changed from | 12.8 to | 13.0 robust performance delivered by HZL EPS FY17E Changed from | 19.4 to | 20.0 • The topline for the quarter came in at | 16560.9 crore (down 15.3% Rating Unchanged YoY and 2.7% QoQ) higher than our estimate of | 15272.5 crore Quarterly Performance • EBITDA for the quarter came in at | 3999.8 crore (down 36.8% YoY Q2FY16 Q2FY15 YoY (%) Q1FY16 QoQ (%) but up 0.2% QoQ), better than our estimate of | 3710.5 crore. The Revenue 16,560.9 19,549.4 -15.3 17,016.9 -2.7 EBITDA margin came in at 24.2% (our estimate: 24.3%) EBITDA 3,999.8 6,326.9 -36.8 3,992.0 0.2 • During the quarter, the company reported an exchange gain to the EBITDA (%) 24.2 32.4 -821 bps 23.5 69 bps tune of | 494 crore. Hence, the subsequent PAT for the period was at Rep.PAT 974.0 1,619.3 -39.8 866.0 12.5 | 974 crore (our estimate: | 521 crore) Muted aluminium prices to limit benefits of cost rationalisation… Key Financials (|Crore) FY14 FY15 FY16E FY17E During Q2FY16, due to lower power costs and alumina cost, Balco’s Net Sales 65733 73364 71864 80085 aluminium CoP sequentially declined by US$112/tonne (from EBITDA (Core) 20360 22045 18191 21941 US$1837/tonne in Q1FY16 to US$1725/tonne in Q2FY16).
  • Vedanta Resources V Zambian State Mining Company ZCCM-IH: Does Anyone Win?

    Vedanta Resources V Zambian State Mining Company ZCCM-IH: Does Anyone Win?

    Vedanta Resources v Zambian State Mining Company ZCCM-IH: Does Anyone Win? Kluwer Arbitration Blog October 8, 2019 Sadaff Habib (Assistant Editor for Africa) (Beale & Company LLP) and Abdul Jinadu (Keating Chambers) Please refer to this post as:Sadaff Habib (Assistant Editor for Africa) and Abdul Jinadu, ‘Vedanta Resources v Zambian State Mining Company ZCCM-IH: Does Anyone Win?’, Kluwer Arbitration Blog, October 8 2019, http://arbitrationblog.kluwerarbitration.com/2019/10/08/vedanta-resources-v-zambi an-state-mining-company-zccm-ih-does-anyone-win/ With over $3 billion invested by Vedanta Resources in Zambia since it became a shareholder in Konkola Copper Mines (KCM) in 2004, it is a less optimistic turn of events with Vedanta Resources and fellow shareholder, the government-owned Zambian State Mining Company ZCCM-IH (ZCCM), being at loggerheads in arbitration. In this post, we examine what led to this downward spiral in relations and what this means for investors in the mining industry in Zambia. Why Arbitrate Against Zambia? On 21 May 2019, the Zambian government sought anex parte order from the Lusaka High Court in Zambia to appoint, Mr Milingo Lungu, as provisional liquidator of Konkola Copper Mines (KCM), one of the country’s biggest employers in the mining industry. KCM is majority-owned by Vedanta Resources (part-owner of the Mumbai listed Vedanta group of companies) and the Zambian State Mining Company ZCCM-IH (ZCCM) holds a roughly 20 percent stake. Why did Zambia take such a serious step against one of its most prominent investors? The Zambian government appears to have several grievances with Vedanta’s operations in Zambia.
  • Southern Africa Human Rights Policies & Practices of Companies May 2020 Featured on the Transition Minerals Tracker

    Southern Africa Human Rights Policies & Practices of Companies May 2020 Featured on the Transition Minerals Tracker

    01 Southern Africa Human rights policies & practices of companies May 2020 featured on the Transition Minerals Tracker Background Regional distribution The Business & Human Rights Resource Centre conducted research of allegations on the human rights policies and allegations relating to companies mining cobalt, copper, lithium, manganese, nickel and zinc, minerals We collected 73 allegations from the Southern Africa that are crucial in the transition to low-carbon technologies (including Development Community, the majority of which came solar panels, wind turbines and electric vehicle batteries). Companies from DRC and Zambia. were selected if they were among the top 5 global producers of one of these minerals, or alternatively, if they were among the top 5 producers of one of these minerals in the Southern Africa Development Community.* The following findings relate to companies operating in the Southern Africa Development Community. Overall findings 39/73 DRC We tracked a total of 22 mining companies with operations in the Southern Africa Development Community. Out of these: 4/73 Madagascar 25/73 Zambia Have a publicly available Have human rights human rights policy allegiations against them 10 11 1/73 Namibia The number of companies had changed from 24 to 22 in this updated because of methodological changes in the way joint ventures are recorded. 1/73 South Africa 3/73 Zimbabwe * Tanzania is not included in this analysis THEMATIC DISTRIBUTION OF ALLEGATIONS Health Tax avoidance The issues most frequently raised against Deaths 8 mining companies in the Southern Africa 7 8 Development Community were related to Labour rights the environment, access to water, health, 3 tax avoidance and land rights.
  • Announcement

    Announcement

    Zambia Copper Investments Limited (Registered in Bermuda) JSE code: ZCI ISIN: BMG988431240 ("ZCI" or “the company”) THE INTRODUCTION OF A STRATEGIC EQUITY PARTNER FOR KONKOLA COPPER MINES PLC AND FURTHER CAUTIONARY ANNOUNCEMENT 1. Introduction Further to the cautionary announcements published over the period 16 May 2003 to 23 July 2004, Rand Merchant Bank (“RMB”) is authorised to announce that ZCI, the Government of the Republic of Zambia (“GRZ”), ZCCM Investments Holdings plc (“ZCCM- IH”), Konkola Copper Mines plc (“KCM”) and Vedanta Resources plc (“Vedanta”) (collectively, “the Parties”) have reached agreement on the terms of an investment by Vedanta into KCM (“the Vedanta investment”), subject to the fulfilment of certain conditions precedent set out in paragraph 4 below (“conditions precedent”). 2. Background and rationale for the Vedanta investment Concomitant with the exit of Anglo American plc from ZCI (and indirectly KCM) in September 2002, the KCM shareholders and GRZ embarked on a process to ensure the long-term sustainability of KCM. It was agreed that the introduction of a new strategic equity partner was the most appropriate route to follow to secure the future of KCM and to address two key issues, namely:: the provision of technical expertise and management experience; and funding support and financial stability for KCM. The introduction of a new strategic equity partner would therefore address the management and capital constraints of the business. A bid process was therefore initiated in October 2002 and bids were received in February 2003. After due consideration of the bids received, Vedanta was selected as the preferred bidder by the KCM board and endorsed by GRZ.
  • RPT Note 2020-21.Xlsx

    RPT Note 2020-21.Xlsx

    RELATED PARTY a. List of related parties: Particulars (i) Holding Companies: Vedanta Limited (Immediate Holding Company) Vedanta Resources Limited (Intermediate Holding Company) Volcan Investments Limited (Ultimate Holding Company) (ii) Fellow Subsidiaries (with whom transactions have taken place): Bharat Aluminium Company Limited Sterlite Power Transmission Limited Talwandi Sabo Power Limited Electrosteels Steel Limited Konkola Copper Mines Plc. Fujairah Gold FZC Black Mountain Mining (Pty) Limited Vizag General Cargo Berth Private Limited Ferro Alloys Corporation Limited (iii) Related Party having a Significant Influence Government of India - President of India (iv) Other related party Vedanta Foundation Madanpur South Coal Company Limited (jointly controlled entity) Minova Runaya Private Limited Hindustan Zinc Limited Employee’s Contributory Provident Fund Trust Hindustan Zinc Limited Employee’s Group Gratuity Trust Hindustan Zinc Limited Superannuation Trust b. Transactions with Key management Personnel: Compensation of key management personnel of the Company recognised as expense during the reporting period (₹ in Crore) For the year ended For the year ended Nature of transactions March 31, 2021 March 31, 2020 Short-term employee benefits (1) 7 9 Sitting fee and commission to directors 1 1 Total compensation paid to key management personnel 8 10 (1) Excludes gratuity and compensated absences as these are recorded in the books of accounts on the basis of actuarial valuation for the Company as a whole and hence individual amount cannot be determined. c. Transactions with Government having significant influence: Central government of India holds 29.54% shares in HZL. During the year, Company has availed incentives in the form of export incentive under Export promotion and credit guarantee scheme announced by the Government of India.
  • 20203316422Imfor 2000Crs 20000Ncds Vedanta

    20203316422Imfor 2000Crs 20000Ncds Vedanta

    economic/commercial risk of investing in the Debentures. Potential investors should conduct their own investigation, due diligence and analysis before applying for the Debentures. Nothing in this Private Placement Offer Letter should be construed as advice or recommendation by the Issuer to subscribers to the Debentures. Potential investors should also consult their own advisors on the implications of application, allotment, sale, holding, ownership and redemption of these Debentures and matters incidental thereto. The Issuer confirms that, as of the date hereof, this Private Placement Offer Letter (including the documents incorporated by reference herein, if any) contains all information that is material in the context of the Issue of the Debentures, is accurate in all material respects and does not contain any untrue statement of a material fact. It has not omitted any material fact necessary to make and the statements made herein are not misleading in the light of the circumstances under which they are made. No person has been authorized to give any information or to make any representation not contained or incorporated by reference in this Private Placement Offer Letter or in any material made available by the Issuer to any potential investor pursuant hereto and, if given or made, such information or representation must not be relied upon as having been authorized by the Issuer. The Issuer reserves the right to withdraw the private placement of the Debentures Issue prior to the issue closing date(s) in the event of any unforeseen development adversely affecting the economic and regulatory environment or any other force majeure condition including any change in the applicable laws.
  • Processing of Konkola Copper Concentrates and Chingola Refractory Ore

    Processing of Konkola Copper Concentrates and Chingola Refractory Ore

    Processing of Konkola copper concen- trates and Chingola refractory ore in a fully integrated hydrometallurgical pilot plant circuit by R.M. Whyte*, N. Schoeman†, and K.G. Bowes‡ terized by the size and quality of its copper and cobalt deposits. The Nampundwe mine Synopsis situated south-west of Lusaka is of strategic importance to the metallurgical operations on The Konkola Deep Mining Project (KDMP) seeks to exploit the deep the copperbelt, supplying a high sulphur pyrite level potential of the Konkola Deeps orebody, producing high grade concentrate to the cobalt roast-leach- copper concentrates for treatment at the Nkana Smelter and electrowinning (RLE) plants, and to the copper Refinery. smelters to make up for a sulphur deficit in the As an alternative to smelting, Konkola Copper Mines (KCM) has smelter feed. examined a processing route involving pressure leaching of the The Konkola mine commenced production Konkola concentrates at Nchanga, with the leach liquor being in 1957. The mine is one of the wettest in the treated by solvent extraction and electrowinning to produce high world, with a total of 300 000 cubic metres of purity copper cathode. The solvent extraction circuit would be operated to achieve a high ‘delta’ copper, thereby providing a water being pumped daily from the strong acid raffinate which can be used in the existing Tailings underground mine. Current mine production Leach Plant (TLP) to treat Nchanga oxide copper materials. from Konkola’s Kililabombwe orebody The main focus of the hydrometallurgical option is to capitalize amounts to approximately 2 million ton per upon the synergy that exists between the treatment of sulphide year, and this ore is treated through a conven- copper concentrates (acid producing) and oxide copper ores (acid tional crushing, milling and flotation plant.
  • Fundamentals and Estimations of Vedanta Buyout of Cairn India

    Fundamentals and Estimations of Vedanta Buyout of Cairn India

    Munich Personal RePEc Archive International Diversification through Acquisition: Fundamentals and Estimations of Vedanta buyout of Cairn India Reddy, Kotapati Srinivasa 2010 Online at https://mpra.ub.uni-muenchen.de/74304/ MPRA Paper No. 74304, posted 06 Oct 2016 17:43 UTC Page 1 of 43 International Diversification through Acquisition: Fundamentals and Estimations of Vedanta buyout of Cairn India Kotapati Srinivasa Reddy First draft July – October 2010 Under the kind guidance of V.K. Nangia Professor& Head, Department of Management Studies Rajat Agrawal Assistant Professor, Department of Management Studies Indian Institute of Technology (IIT) Roorkee, Roorkee - 247667 Uttarakhand. (India). Page 2 of 43 International Diversification through Acquisition: Fundamentals and Estimations of Vedanta buyout of Cairn India Abstract Corporate valuations, financial strength in cash flows and opening up of debt facility favour more overseas acquisitions. Historically, corporate restructuring is a strategic, mechanized and chemical formula for achieving external growth to become a globalized diverse company. The phenomenon of ‘diversification’ is not new, where it was born in the timeline of the Kings. Markets are becoming highly connective, accessible, communicative and are reaching maturity at a very high phase. Acquisition is a choice to enhance the emerging and diversified markets. This case- based research study presents a case discussion, case analysis and opinion based inference on Vedanta – Cairn India cross-border acquisition deal in Indian oil and exploration industry. We also suggest a new forecasting model to estimate future free cash flows and firm valuation in the upcoming research field of corporate finance. The study exclusively shows reaction of stocks against acquisition announcement and compares with market performance.
  • Q4FY19 Q1 FY19 Q2 FY19 Q3 FY19 Q4 FY19 Production (Kt) COP ($/T)

    Q4FY19 Q1 FY19 Q2 FY19 Q3 FY19 Q4 FY19 Production (Kt) COP ($/T)

    Cautionary Statement and Disclaimer The views expressed here may contain information derived from statement involves risk and uncertainties, and that, although we publicly available sources that have not been independently verified. believe that the assumption on which our forward-looking statements are based are reasonable, any of those assumptions No representation or warranty is made as to the accuracy, could prove to be inaccurate and, as a result, the forward-looking completeness, reasonableness or reliability of this information. Any statement based on those assumptions could be materially forward looking information in this presentation including, without incorrect. limitation, any tables, charts and/or graphs, has been prepared on the basis of a number of assumptions which may prove to be This presentation is not intended, and does not, constitute or form incorrect. This presentation should not be relied upon as a part of any offer, invitation or the solicitation of an offer to recommendation or forecast by Vedanta Resources plc and Vedanta purchase, otherwise acquire, subscribe for, sell or otherwise dispose Limited and any of their subsidiaries. Past performance of Vedanta of, any securities in Vedanta Resources plc and Vedanta Limited and Resources plc and Vedanta Limited and any of their subsidiaries any of their subsidiaries or undertakings or any other invitation or cannot be relied upon as a guide to future performance. inducement to engage in investment activities, nor shall this presentation (or any part of it) nor the fact of its distribution form This presentation contains 'forward-looking statements' – that is, the basis of, or be relied on in connection with, any contract or statements related to future, not past, events.
  • We Are Vedanta

    We Are Vedanta

    We are Vedanta Vedanta Limited Annual Report 2014-15 Our assets Vedanta Limited (formerly Oil & Gas • Cairn India is one of India’s Sesa Sterlite Ltd. / Sesa Goa largest private sector oil and gas companies • Interest in seven blocks in Ltd.) is a global diversified India, and one each in Sri Lanka and South Africa • Contributes ~27% of India’s natural resources company domestic crude oil production with operations across zinc, lead, silver, oil & gas, iron ore, Zinc-Lead-Silver • Zinc operations in India, Namibia, South Africa and copper, aluminium and Ireland. • India’s largest and world’s second largest zinc miner • Operators of the world’s commercial power. largest zinc mine at Rampura Agucha, India • One of the largest silver producers globally with an annual capacity of 16 moz Iron Ore • Operations in India and Liberia • Goa iron ore exported and Karnataka iron ore sold domestically • Large iron ore deposit in Liberia Copper • Smelting and mining operations across India and Australia • Largest custom copper smelter and copper rod producer in India Aluminium • The largest aluminium producer in India with a capacity of 2.3 mtpa • Strategically located large- scale assets with integrated power from captive power plants in Indian states of Chhattisgarh and Odisha Power The name change from Sesa Sterlite Limited to Vedanta Limited positions us • 3.2 GW of commercial power as a united and aligned identity, strengthening the linkage between our generation capacity global businesses and communities. • Largest supercritical unit in India operational at Talwandi The refreshed logo signifies Vedanta’s approach to the triple bottom line that Sabo power plant • One of the largest producers focuses on People, Planet and Prosperity.