Gangavaram port handles 4497.

5 tonne cargo 22-OCT-09

Gangavaram Port discharged 4497.5 tonne

(612 packages) of project cargo in a single day
from vessel ‘MV Setubal Castle’ carrying
project cargo for Vedanta Aluminium Limited
on October 18. The port followed up this
achievement by discharging 4,406 tonne (620
packages) from the same vessel the next day
(October 19).

Bhushan Steel plans SME park 20-OCT-09

The process of setting up of ancillary and

downstream industries in Orissa is expected to
get a boost with more and more metal
companies evincing interest to establish such
complexes in different locations of the state.

Hindustan Zinc hikes zinc, lead prices 15-OCT-09

Vedanta Resources group firm Hindustan Zinc

today said it has hiked prices of zinc and lead
by Rs 2,800 per tonne and Rs 1,500 per tonne,
respectively, following the price movement on
the London Metal Exchange.
Vedanta condemns UK agency's findings 14-OCT-09

Vedanta Aluminium Limited (VAL) has

condemned the findings of the UK National
Contact Point, a UK-based government agency,
which accused London-based Vedanta
Resources, the parent company of VAL of
overlooking the interests of the local
communities in Orissa.

Vedanta condemns UK agency's findings 14-OCT-09

Vedanta Aluminium Ltd (VAL) has

condemned the findings of UK National
Contact Point, a British government agency
which accused London-based Vedanta
Resources, the parent company of VAL, of
overlooking the interests of local communities
in its Orissa projects.

UK reprimands Vedanta over Orissa mining project 13-OCT-09

Company accused of overlooking local community’s

interests.

Sterlite lowest bidder for power project 10-OCT-09

Vedanta Group company Sterlite Energy is
believed to have bagged the country's first Ultra
Mega Power Transmission (UMTP) project,
breaking the decades-old monopoly of state-run
PowerGrid Corporation.

Sterlite Energy bags 1st ultra mega power

09-OCT-09
transmission project

Vedanta Group company Sterlite Energy is

believed to have bagged the country's first ultra
mega power transmission project, breaking the
decades old monopoly of state-run PowerGrid
Corporation.

Vedanta Aluminium to set up downstream park 09-OCT-09

To promote downstream utilization of

aluminium, Vedanta Aluminium Limited
(VAL), a subsidiary of Vedanta Resources Plc,
plans to set up an aluminium park at
Jharsuguda.

Rescue operation on at Balco's mishap-hit plant 24-SEP-09

Rescue and relief operation continued for the

second day today at the under-construction
power plant of metal major Bharat Aluminium
Company (Balco) at Korba, where 14 labourers
were killed in a chimney collapse, officials said.

Financial closure of 1,980 Mw plant in 3 mths: Sterlite 23-SEP-09

Firm had failed to complete closure within 12 months of

project allotment.

Orissa asks mega projects to file progress

18-SEP-09
milestones

The Orissa government today asked the mega

industries, which had signed memorandum of
understanding (MoU) with it for setting up of
projects, to submit reports on milestones
achieved by them regarding the progress of their
projects.

Sterlite tops Grupo's offer price in Asarco bid

12-SEP-09
war

Just when everyone wrote him off for his bid for
bankrupt mining company Asarco, Vedanta
Resources Chairman Anil Agarwal is back with
a vengeance.

Vedanta's bauxite mining: clearance after

13-JAN-10
MoEF finding
The government today said Vedanta's bauxite
mining project in Orissa would be given a final
clearance only if it doesn't violate the Forest
Conservation Act.

India keen for jt mineral exploration with

12-JAN-10
Africa

India is keen to forge cooperation with

resource-rich southern African countries of
Zambia, Malawi and Botswana in the field of
mineral exploration and play a major role in
their economic development, Vice President
Hamid Ansari said today.

Sterlite to set up power plant at Tuticorin 12-JAN-10

Sterlite Industries, a subsidiary of London

Stock Exchange-listed Vedanta Resources Plc,
is planning to invest around Rs 650 crore to set
up a power plant at Tuticorin in Tamil Nadu.

When India Inc had a rough Raj in UK 31-DEC-09

Even before 2009 started, all initial indicators

suggested that India Inc’s year in the UK
would be that of the Tatas. The close of the
year simply confirmed this with plenty of
interesting developments leading to that
foregone conclusion.

Sterlite Energy to start Jharsuguda's first unit in

30-DEC-09
3 mths

Vedanta group’s Sterlite Energy plans to

commission the first phase of its Rs 8,200-
crore Jharsuguda power plant in Orissa within
three months.

VAL buys alumina from traders for Jharsuguda

19-DEC-09
smelter

Vedanta Aluminium Ltd. (VAL), which has set

up a 0.5 million tonne aluminium smelter at
Jharsuguda in Orissa, is forced to purchase
alumina from traders importing the material
from countries like Australia to keep its smelter
in operation.

Fitch Affirms Vedanta at 'BBB-'; Outlook

17-DEC-09
Negative
Fitch Ratings has today affirmed the UK-based
metals and mining company Vedanta
Resources PLC's (Vedanta) Long-term Issuer
Default Rating (IDR) at 'BBB-' with Negative
Outlook. Fitch has also affirmed Vedanta's
USD500m and USD750m senior unsecured
unsubordinated bonds due January 2014 and
July 2018, respectively, and its USD600m
senior unsecured bonds due February 2010 at
'BB+'. This rating action follows the company's
announcement of a revival of the earlier
deferred 1,980MW power project at its
subsidiary, Sterlite Energy Ltd (SEL), which
would increase capex by USD2.1bn over the
next three years.

Vedanta seeks Orissa's help to restrict

16-DEC-09
movement of international NGOs

The Vedanta Group has asked the Orissa

government to restrict the entry of foreign non-
government organisations (NGOs) in the area
where it proposes to mine bauxite, as part of its
$8-billion project in the state, saying they were
instigating locals. “These NGOs comprising
Survival International and Action Aid are
instigating locals to go to the hill top, where we
have proposed to mine bauxite, and set up
houses.

Vedanta seeks Orissa's help to restrict intl

15-DEC-09
NGOs movement

Vedanta Group has asked Orissa government to

restrict entry of foreign NGOs in the area
where it proposes to mine bauxite, as part of its
$8-billion project in the state, saying they were
instigating locals.

Award for Anil Agarwal 06-DEC-09

Anil Agarwal, chairman of Vedanta Group, has

received the Lifetime Achievement Award
2009 from Mining Journal, an internationally
weekly magazine, for his contributions to the
mining industry.

Anil Agarwal bags Mining Journal award 04-DEC-09

Metal and mining major Vedanta Resources

today said its Chairman Anil Agarwal has been
conferred with the "Lifetime Achievement
Award - 2009" by international weekly--
Mining Journal, for outstanding contribution to
the mining industry.

Sterlite Energy ties up Rs 10k cr for Talwandi

03-DEC-09
Sabo project

"The company (Sterlite) has completed its

formalities with regard to the financial closure
of 1,980 MW Talwandi Sabo power plant as it
has tied up with funds," a senior official of
Punjab State Electricity Board (PSEB) told
PTI.

No violation by Vedanta at Niyamgiri, says

02-DEC-09
report

The Vedanta Aluminium Ltd (VAL), part of

Vedanta Resources, has not violated any forest
and environment norms at its alumina refinery
and bauxite mining site in Kalahandi district of
Orissa, according to a report of the state
government.

Pada-yatra against Posco and Vedanta

30-NOV-09
University projects

The anti-land acquisition leaders and the

activists of various Jana Sangathans in Orissa
have intensified their stir against the projects of
Posco and Vedanta, the two big ticket
investments in the state.

Court rejects bail pleas of Balco officers 28-NOV-09

The local court in Korba has rejected the bail

plea of top Vedanta Resources officials who
were arrested on November 17 in connection
with the chimney mishap in the company-
owned Bharat Aluminium Company Limited
(Balco).

ECB volumes crossed $2 bn mark in July, after

27-AUG-09
9 months

For the first time since September 2008, Indian

companies borrowed over $2 billion (around Rs
9,800 crore based on current exchange) in a
month through the external commercial
borrowing (ECB) route.

Sterlite hikes cash component of Asarco offer to

20-AUG-09
$2.1 bn

Vedanta group firm Sterlite Industries today

said it has increased the cash component of its
offer for acquiring US-based bankrupt copper
miner Asarco by $500 million to nearly $2.1
billion.

Environment min rejects Vedanta mining plan 24-AUG-10

New Delhi on Tuesday rejected a plan by

India-focused mining group Vedanta Resources
Plc to mine bauxite in Orissa, a blow to the
company already facing hurdles to a planned
$9.6 billion energy deal in the country.
Iron ore demand not growing as fast as prices 24-AUG-10

Mining groups and metal makers got

themselves in a pickle a year-and-a-half ago
when commodity prices collapsed across the
board. But the experience proved particularly
hurtful for the Anglo-Australian Rio Tinto
since just ahead of the world slipping into a
crippling recession it bought the Canadian
aluminium maker Alcan at top dollar of $38
billion. That left it with a debt mountain of $39
billion.

Rosaiah invites AAF to relocate Vedanta

24-AUG-10
university to AP

Even as the Congress and BJP, two parties in

the opposition bench in Orissa, are stiffly
opposing the setting up of the Vedanta
University Project at Puri, two south Indian
states, where the government of these parties
are in power, are vying with each other to get
the project relocated to their respective state.

Cairn India strikes oil, gas in K-G basin 24-AUG-10

Cairn India Ltd has struck oil and gas in an

onshore block in the Krishna-Godavari basin,
in Andhra Pradesh. The discovery of oil and
gas in the Nagayalanka-1z well in block KG-
ONN-2003/1 has been notified to upstream
regulator Director General of Hydrocarbons,
the company said in a communication to the
Bombay Stock Exchange.

ONGC-OIL-Gail may counter Vedanta offer 24-AUG-10

State-owned ONGC, OIL and Gail may make a

joint bid to counter Vedanta Resources’ $8.48
billion offer for majority stake in Cairn India,
and have already got $10 billion in loan
committments from international banks for the
move.

Orissa to make last ditch effort for Vedanta

24-AUG-10
project

Even as the Union environment minister Jairam

Ramesh is slated to announce his decision
tomorrow on the Vedanta's proposed bauxite
mining at Niyamgiri hills in Orissa's Kalahandi
district, the Orissa government will make a last
ditch attempt to present its side of the story on
the project U N Behera, principal secretary
(environment and forest), Orissa government,
is scheduled to call on Ramesh tomorrow to
present the state government's version on
Vedanta's proposed bauxite mining
Decision on Vedanta mining project tomorrow:
23-AUG-10
Ramesh

The fate of Vedanta's controversial mining

project in Niyamgiri Hills will be decided
tomorrow by Environment Minister Jairam
Ramesh on the basis of the report submitted by
a key government panel on forest clearance.

FAC meet to discuss recommendation of

23-AUG-10
Saxena panel on Vedanta

The Environment Ministry's Forest Advisory

Committee will meet tomorrow to discuss
recommendations of the N C Saxena panel
report seeking ban on mining projects of UK-
based Vedanta Resources in Niyamgiri Hills in
Orissa citing violation of norms.

ONGC-OIL-GAIL may counter Vedanta's offer

23-AUG-10
for Cairn

State-owned ONGC, OIL and GAIL may make

a joint bid to counter Vedanta Resources' $8.48
billion offer for majority stake in Cairn India,
and have already got $10 billion in loan
commitments from international banks for the
move.
Environment Min panel accepts Niyamgiri
23-AUG-10
findings

A key panel under the Environment Ministry is

understood to have accepted the
recommendations of the N C Saxena
committee report seeking ban on mining
projects of UK-based Vedanta Resources in
Niyamgiri Hills in Orissa citing violation of
norms.

ONGC may have to pay $13 bn for Rajasthan

23-AUG-10
block

State-owned Oil and Natural Gas Corp

(ONGC) may have to pay over $13 billion if it
were to exercise its pre-emption or right of first
refusal to buy Cairn India in the giant
Rajasthan block.

Oil ministry may scupper Vedanta-Cairn deal:

23-AUG-10
report

London-based Vedanta Resources' proposed

acquisition of a majority stake in Cairn India
may be scuppered by India's petroleum
ministry, which wants state-owned Oil and
Natural Gas Corp a chance to buy the holding,
the Mint newspaper reported on Monday.
Chhattisgarh asks Balco to reduce height of
23-AUG-10
proposed cancer hospital

Chhattisgarh government has asked Vedanta

Group's subsidiary Bharat Aluminium
Company Ltd (Balco) to cut short the height of
its proposed cancer research centre in Raipur.

Orissa CM to meet PM; may take up Posco,

22-AUG-10
Vedanta issue

Orissa Chief Minister Navin Patnaik will meet

the Prime Minster here tomorrow and may take
up the issue of denial of clearances to multi-
billion dollar projects of Vedanta Resources
and South Korean steel giant Posco in the state
by the Environment Ministry.

Anil Agarwal set to pip Mukesh Ambani as

22-AUG-10
richest Indian

The proposed takeover of Cairn Energy's India

business could see NRI billionaire Anil
Agarwal emerging as the richest promoter of a
corporate house ahead of Mukesh Ambani,
who has ruled the list for long.
Vedanta's Rs 75 cr Trauma Care Centre in city 13-FEB-
soon 10

The construction work for a 100-beded, state-

of-the-art Trauma Care Centre, to be set up by
Vedanta Aluminium Ltd (VAL) in
Bhubaneswar, is likely to start soon.

India to have 2 MT surplus aluminium for 12-

export by 2013 FE
B-
10

Capacity expansion by planned projects to

treble production to 4.4 mt.

Amnesty flays Vedanta for violating people's 10-FEB-

right 10

Amnesty International has lambasted Vedanta

Resources, the London-based mining company,
for violating the human rights of local
communities, including their right to water,
food, health and work by operating a heavily
polluting alumina refinery in Lanjigarh, Orissa.

Amnesty alleges human rights violation by 09-FEB-

Vedanta; co says no 10
Human rights watchdog Amnesty International
today alleged that the government and Vedanta
had failed to protect Orissa's indigenous
communities from health hazards of mining,
but the mining major hit back saying the claims
were based on "outdated document".

Amnesty rejected our offer for engagement: 09-FEB-

Vedanta 10

Vedanta Resources today questioned the

Amnesty report saying allegations levelled in it
against Lanjigarh refinery were based on
"outdated document" and challenge the
credibility of India's regulatory framework.

Vedanta's alumina mining hazardous: Amnesty 09-FEB-

Intl 10

Alumina mining in Orissa is causing serious

health and environmental hazards, a leading
rights watch said today, slamming the
government and mining major Vedanta for
failing to properly inform indigenous
communities about its impact.
NGO appeals to Cameron in its fight against 09-FEB-
Vedanta 10

Survival International, a London-based NGO,

has appealed to the director of the Hollywood
blockbuster Avatar, James Cameron, to lend
his support in fighting against London-listed
mining and metals major Vedanta Resources
from setting up its aluminium plant in Orissa.

Church of England sells stake in Vedanta 06-FEB-10

Withdraws investment over Orissa project.

Arbitration over sale of govt's stake in Balco 05-FEB-

inconclusive 10

A three-day hearing by an arbitration panel of

retired Supreme Court judges ended
inconclusively on Tuesday, on the sale of
residual government stake in Bharat
Aluminium Company (Balco).

Shyamal Majumdar: Reality check on jobs 05-FEB-

 10

Jobs are back, finally. And the optimism is

visible not only at the Indian Institute of
Management campuses, but also at the offices
of your friendly neighbourhood placement
agencies. Everyone seems to be back in hiring
mode — companies across sectors, led this
time by infrastructure, construction and
equipment industries (termed the new ICE by
Stanton Chase MD R Suresh), are filling up
vacancies.

Vedanta Resources may list aluminium 04-FEB-

subsidiary 10

Vedanta Aluminium has a $7.8-billion

investment plan to increase its fully integrated
aluminium smelting capacity.

Vedanta plans steel plant in state with L&T 23-JAN-

10

After committing an investment of Rs 60,000

crore on various projects in Orissa including an
aluminium smelter plant, an alumina refinery
unit and a mega university project, London-
based Vedanta Resources Plc has now evinced
interest in setting up a steel plant in the state.
Orissa CM assures bauxite for Vedanta 22-JAN-
refinery: Anil Agarwal 10

Global mining major Vedanta group today said

that the Orissa government has assured it of
raw material supply to run its aluminia refinery
in the state.

Sesa Goa earmarks Rs 1,500 cr capex for next 19-JAN-

two years 10

Vedanta Resource group firm Sesa Goa today

said that it will spend about Rs 1,500 crore in
its mining business during the next two years to
reach the annual production capacity of about
50 million tonnes.

Land Acquisition: Fear Factor for Companies 16-JAN-10

Land acquisition process, in the recent times,

has emerged as a major bottleneck resulting in
time lags, cost over runs, business uncertainties
and even shelving of projects by companies.
Tata’s Singur project in West Bengal,
Vedanta’s (Sterlite) project in Orissa, Posco’s
Paradeep project in Orissa and Jindal’s Raigarh
project in Chattisgarh are some classic
examples that showcase project shelving due to
the cumbersome land acquisition process in
India. This article discusses the challenges
faced by companies in land acquisition for their
projects in India and the way forward.

CIL objects to Vedanta's plant site in Bengal 16-MAR-10

State-owned Coal India Ltd (CIL) has raised

objections to the choice of site for Vedanta
Aluminium Ltd’s proposed plant at Bidhanbag
near Asansol in West Bengal, saying that it was
a coal-bearing region. "The project needs
detailed discussion because of the location,"
CIL Chairman Partho Bhattacharya said. An
official of Vedanta said the company needed
1,000 acres in the area for its alumina smelter
and power plant.

CIL objects to Vedanta's plant site in WB 15-MAR-10

State-owned Coal India Limited (CIL) has

raised objections to the choice of site for
Vedanta Aluminium Limited's proposed plant
at Bidhanbag near Asansol in West Bengal,
saying that it was a coal-bearing region.

Vedanta violated govt clearances: report 14-MAR-10

Environment panel claims the company started

work in non-forest areas without necessary
sanctions.

Vedanta violating green norms in Niyamgiri

13-MAR-10
Hills: Govt

The government has said multi -national

mining company Vedanata Resources has been
found to have violated certain environmental
regulations at its mining site in the Niyamgiri
hills in Orissa.

Vedanta violated green norms in Orissa:

13-MAR-10
Ramesh

Environment Minister Jairam Ramesh today

said a three-member team was assessing the
London Stock Exchange-listed Vedanta
Resources’ aluminium refinery project in
Orissa.

Essar group working on $8-billion listing on

08-MAR-10
LSE
The Essar group is exploring the option of an
$8-billion listing on the London Stock
Exchange, potentially making it the first Indian
company to enter LSE since Vedanta
Resources seven years ago.

Ahluwalia Contracts plans power foray 05-MAR-10

Ahluwalia Contracts (India) Ltd (ACIL), the

main contractor for the Commonwealth Games
Village, plans to foray into the construction of
power projects, said a top company official.

Madhukar Sabnavis: Inspiring consumers 05-MAR-10

The beverage station was located in a non-

descript office in Newcastle in Northeastern
England. It was not different from thousands of
other office stations where tea, coffee and milk
were dispensed using an honour system. People
assembled their beverages and dropped money
in an honour box. An office maven sent out
emails every six months or so, reminding
people to pay for their beverages. This
particular machine was located in a spot where
people could not be observed.

Vedanta raises Rs 4,000 crore via bonds issue 03-MAR-10

Vedanta Resources, the London-listed holding
company for India's largest copper producer,
Sterlite Industries, raised $883 million (Rs
4,000 crore) through issue of convertible bonds
in Europe.

State nod for Potangi bauxite mining lease to

03-MAR-10
Nalco

The Orissa government has recommended the

grant of Mining Lease (ML) for Potangi
bauxite reserve in Koraput district in favour of
the public sector National Aluminium
Company Ltd (Nalco). Potangi is estimated to
have bauxite reserves of over 70 million
tonnes.

Vedanta to raise $850 mn via bond issue 02-MAR-10

Mining giant Vedanta Resources today said it

would raise $850 million (about Rs 3,911
crore), including the optional $75 million,
through issue of convertible bonds to partially
repay the debts.

Vedanta raises Rs 17,000 cr debt for Orissa

25-FEB-10
project
Vedanta Aluminium, a subsidiary of the
billionaire Anil Agarwal-promoted Vedanta
Resources, has raised a Rs 17,000-crore debt
for its ongoing project in Orissa to increase its
fully-integrated aluminium smelting capacity.

Action Aid accuses govt of aiding Vedanta 18-FEB-10

The international NGO Action Aid today

criticised the government for not acting against
Vedanta Resources for the alleged human
rights violations, a charge the London-based
mining major strongly denies.

JRCT, two others sell 2.2mn pound worth

18-FEB-10
shares in Vedanta

The Joseph Rowntree Charitable Trust today

said it, along with two other investors, has sold
2.2-million pound worth shares in the mining
giant Vedanta Resources citing human rights
and environment issues, a motive questioned
by NRI billionaire Anil Agarwal-led company.

Task force on steel, aluminium to vet new

15-FEB-10
proposals

The Orissa government has constituted two

separate task forces for steel and aluminium
industries in the state. The mandate for the task
forces is to scrutinize various investment
proposals coming in the steel and aluminium
sectors before being sent to the State Level
Single Window Clearance Authority
(SLSWCA). Earlier, the state government had
formed similar task forces on power and
cement industries.

Environmental nod for Vedanta varsity 19-APR-10

The Vedanta University project in Orissa,

which is facing problem over land acquisition
and other issues for the past two years, has got
a shot in the arm with the Union ministry of
environment and forests (MoEF) giving its
clearance for the project. The project promoted
by the Anil Agarwal Foundation (AAF), a non-
profit organisation, has also got the CRZ
(Coastal Regulatory Zone) clearance.

SC refers to larger bench issue of entry tax on

16-APR-10
goods

A five-judge bench of the Supreme Court today

decided to refer to a larger bench the issue of
imposition of entry tax on goods coming into
jurisdiction of the respective states, involving
financial implications to the tune of Rs 30,000
crore.

Final round of Balco stake sale arbitration next

15-APR-10
week
Judgement expected in the following fortnight.

Govt proposes to make land-losers

15-APR-10
stakeholders

The government is considering a proposal to

make it mandatory for companies like Vedanta
Resources and ArcelorMittal to offer shares to
those displaced by their future mining projects.
But the move is being opposed by the industry.

Vedanta sees record production 09-APR-10

In a statement issued today, the company said

iron ore production in the last quarter and
2009-10 was 7.8 million tonnes (mt) and 21.4
mt, respectively, an increase of 59 per cent and
34 per cent over the corresponding periods.

Sunita Narain: Bullets are not the answer 09-APR-10

The massacre of 76 policemen in Dantewada
district of Chhattisgarh by the Naxalites is
reprehensible. There is no doubt that this use of
force is illegal and it is wrong. But, it is also
clear that we cannot brush aside the underlying
issues of poverty, deprivation and lack of
justice that are breeding tension and anger in
many rural and tribal areas of the country. We
cannot say that these development-related
issues are long term, as the Congress party
spokesperson has reportedly said, while the
immediate task is to annihilate the Naxalites.
Because, unless we can fix what is broken here,
let us be very clear, there is no real solution at
hand.

State identifies 100 small bauxite plateaus for

05-APR-10
exploration

To meet the future raw material requirement of

the industries using non-ferrous metals, the
Orissa government has decided to intensify
exploration of bauxite, coal, limestone and
heavy minerals in beach sand.

M&As deals in mining space up 173% at Rs

29-MAR-10
981 mn: E&Y

Led by Vedanta Group firm Sesa Goa's buyout

of mining business of V S Dempo, Indian
companies saw 16 M&A deals worth $981
million in the mining space in 2009, global
consultancy Ernst and Young said in a report.
Lakshmi Mittal richest Asian in UK 28-MAR-10

Steel baron Lakshmi Mittal, owner of the

world’s largest steel company ArcelorMittal, is
the richest Asian in Britain for the year 2010,
with an estimated wealth of £17 billion.

'Sterlite model' may be applied in Lafarge's 27-

Meghalaya project MA
R-
10

Formula devised by SC mooted for limestone

mining by the French firm.

Halt all Vedanta projects, says Lok Shakti

24-MAR-10
Abhijan

The Lok Shakti Abhijan (LSA) and Samajbadi

Jan Parishad (SJP) today called upon the state
government, leaders of political parties, leaders
of mass movement and intellectuals to ensure
that all the projects undertaken by Vedanta
group in Orissa are halted.
The twist in the Kondh struggle 19-MAR-10

Towards the end of 2009, the state

government’s Lanjigarh Area Hospital, in the
Lanjigarh block of Orissa’s Kalahandi district,
was ‘contracted out’ to Vedanta Alumina Ltd
(VAL). This was done under an agreement
signed between the district health authorities
and the refinery, which is a subsidiary of
London-based metals giant Vedanta Resources,
promoted by Anil Agarwal.

'Soaring costs are killing Vedanta Alumina' 18-MAR-10

Mukesh Kumar, chief operating officer of

Vedanta Alumina (VAL), is a worried man.
The company’s 1-million tonne refinery in
Lanjigarh, which began operations in
September 2007, is losing $90 on every tonne
of alumina it produces, owing to high input
costs.

Nalco Officers' Association to oppose

17-MAR-10
minister's visit

The Officers' Association of National

Aluminium Company's units at Angul and
Damanjodi have vowed to oppose the visit of
the Union mines minister, B K Handique to
Angul on Friday if their proposed pay scale
revision is not finalized at the company's board
meeting to be held on the same day.
Tribe readies for battle against Vedanta's mine 17-MAR-10

The Dongria Kondh tribe who live in the

Niyamgiri Hills of Orissa do not normally go to
the top of the bauxite-rich slopes. The hilltop is
considered sacred, the place where their
presiding deity Niyam Raja (literally, the King
of Law), or the Universal Lawgiver, is said to
reside, and they leave it undisturbed.

Vedanta varsity project faces environment

12-MAY-10
hurdle

In a major set back to the Vedanta University

Project of the Anil Agarwal Foundation at Puri
in Orissa, the Union ministry of environment
and forests (MoEF) today kept in abeyance its
earlier order giving environment and CRZ
(Coastal Regulation Zone) clearance to the
project.

Vedanta: Expanding global presence 11-MAY-10

The acquisition of Anglo American gets

Vedanta group a dominant position in the
global zinc and lead business.
Indian firms back on the prowl 11-MAY-10

Aluminum major Vedanta’s $1.34-billion

acquisition of the zinc assets of Anglo
American, which will be funded through
Hindustan Zinc, is the latest manifestation of
the restored growth appetite of Indian
companies.

Vedanta to buy UK firm's zinc assets for $1.3

11-MAY-10
bn

London-based minerals and metals major

Vedanta Resources today announced it would
buy UK-based Anglo American Plc’s zinc
business for $1.34 billion (Rs 6,011 crore) in
an all-cash deal.

Vedanta buys Anglo zinc assets for $1.3 bn 10-MAY-10

Beating rivals like China Metallurgical and

Xstrata, Vedanta Resources today said it has
finalised a deal with the London-based Anglo
American's entire zinc business in Ireland and
Africa for $1.34 billion deal.
Vedanta Resources' net triples 07-MAY-10

Billionaire Anil Agarwal-promoted Vedanta

Resources said its net profit for the year ended
March 31 almost tripled to $602.3 million (Rs
2,710 crore) on the back of higher metal prices.
The London Stock Exchange-listed company is
the holding company for India’s most
diversified base metal producers. Its Indian
operations include Sterlite Industries,
Hindustan Zinc and Sesa Goa.

Balco to get possession of land, finally 04-MAY-10

Vedanta-controlled Bharat Aluminium

Company (Balco) will get legal possession of
600 acres of land that it had allegedly
encroached upon in Korba district of
Chhattisgarh.

Nalco asked to give consent on SPV for

27-APR-10
Potangi mines area

The Orissa government has asked the public

sector National Aluminium Company Ltd
(Nalco) to give its consent for floating a
Special Purpose Vehicle (SPV) for local area
development of the Potangi bauxite project
area in Koraput district.

Sterlite net up 130% on higher prices 27-APR-10

Sterlite Industries, India’s diversified base

metal producer, said its consolidated net profit
for the quarter ended March 31 rose 130 per
cent to Rs 1,380 crore on the back of higher
metal prices and stronger sales figures.

L N Mittal tops Rich List for sixth year in a

26-APR-10
row

Lakshmi Mittal, the India-born CEO of steel

maker ArcelorMittal, has for the sixth year in a
row, topped the list of Britain’s 1,000 richest
people, according to The Sunday Times
published today.

Vedanta inks O&M deal with German firm for

23-APR-10
Orissa power plant

Vedanta Resources has outsourced the

operation and maintenance of its Rs 8,200
crore power project in Orissa to Germany-
based Evonik Energy.
Vedanta and Evonik ink Rs 14,000-CRORE
23-APR-10
O&M deal

Sterlite Energy, a group company of Vedanta

Plc, has signed a Rs 1400 crore operation and
maintenance contract with Evonik Energy
Services India (EESI) for their 4x600 Mw
power plant at Jharsuguda.

'There is no adverse impact on China sales' 22-APR-10

Vedanta Resources-controlled Sesa Goa

exports most of its production to steel makers
in China, the world’s largest buyer of iron ore.
In a telephonic interview, P K Mukherjee,
managing director, talks to Abhineet Kumar on
recent developments and the company’s plans.

Hindustan Zinc Q4 net zooms doubles to Rs

21-APR-10
1,240 cr

Income from operations rose to Rs 2,498.47

crore for the fourth quarter ended March 31,
compared to Rs 1,262.68 crore for the same
period last fiscal, Hindustan Zinc said in a
filing to the Bombay Stock Exchange (BSE).
Sesa Goa Q4 net up two-fold at Rs 1,215 cr 20-APR-10

Vedanta Resources group firm Sesa Goa today

said its net profit for the fourth quarter of the
last fiscal surged to Rs 1,215.11 crore on
account of strong demand for the mineral from
countries like China.

Sterlite lights up boiler of Rs 8,200 cr project 3

0-
J
U
N
-
1
0

Vedanta Resources group firm Sterlite

Industries today said it has started
commissioning the first unit of its about Rs
8,200-crore power project in Orissa.

Vedanta to invest Rs 350 cr for setting up 2

cancer hospital 9-
J
U
N
-
1
0
Mining giant Vedanta today said that it is
setting up a 360-bed cancer hospital in Raipur,
Chhattisgarh, with an investment of around Rs
350 crore.

Govt gives clean chit to land acquisition for 2

Vedanta University 8-
J
U
N
-
1
0

After facing the ire of the Opposition on many

occasions over the controversial Vedanta
University Project (VUP), the Orissa
government has finally clarified that the Anil
Agarwal Foundation (AAF), which would
develop the project, is a public limited
company.

Opposition slams Orissa govt over Vedanta 2

University project 6-
J
U
N
-
1
0

The alleged irregularities in the allotment of

land for the controversial Vedanta University
Project (VUP) has stirred up the hornet's nest
yet again with the Opposition political parties
mounting pressure on the state government to
file its response to the Lokpal order on the
issue.

Vedanta to set up multi-speciality hospital at 2

Jharsuguda 5-
J
U
N
-
1
0

After the successful operationalization of its

smelter plant at Jharsuguda, Vedanta
Aluminium Limited (VAL) has now decided to
set up a state-of-the-art, multi-speciality
hospital at the same location at an investment
of Rs 50 crore.

Nalco may shift site of its 2nd aluminium

24-JUN-10
project in Orissa

Looking for new locations in Sambalpur,

Sundergarh, Bolangir for Rs 16,000 cr
aluminium, power complex.
Vedanta Aluminium listing plan on hold 2
3-
J
U
N
-
1
0

Sustained protests from environmentalists and

investors lead to a retreat, for now.

Single Window refers proposals worth Rs

23-JUN-10
69,779 crore to HLCA

New proposals in aluminium and steel sectors.

Orissa gives nod to Vedanta's expansion plans 2

2-
J
U
N
-
1
0

The Orissa government today gave the green

signal for capacity expansion of Vedanta
Aluminium's alumina refinery at Lanjigarh to 6
million tonnes per annum (mtpa), besides an
increase in the throughput of its Jharsuguda
smelter to 1.6 mtpa, an official source said.

BJP demands cancellation 2

2-
J
U
N
-
1
0

The Opposition BJP has demanded the

cancellation of the pact, warning the
government of dire consequences if it proceeds
with renewal of the agreement with the South
Korean steel major.

Vedanta may shift varsity to southern states 1

4-
J
U
N
-
1
0

The estimated $3-bn Vedanta University was to

start Phase-I by mid-2011 but is facing stiff
opposition from locals.
Single Window likely to clear two new cement 1
units 0-
J
U
N
-
1
0

The State Level Single Window Clearance

Authority (SLSWCA) of the Orissa
government in its 30th meeting on Thursday is
likely to clear proposals for two new cement
manufacturing units besides approving the
capacity expansion plans of Vedanta
Aluminium Limited (VAL) and Hindalco
Limited.

Experts question merit of upcoming private 0

varsities 9-
J
U
N
-
1
0

Even as the Orissa government is gearing up to

grant the private university status to
educational institutes in the state, leading
educationists have questioned the quality of
such institutions and the credentials of the
promoters running them.
Niyamgiri tribals to intensify stir against 0
Vedanta mining 7-
J
U
N
-
1
0

The local tribals of Niyamagiri hills in Orissa’s

Kalahandi district, where Vedanta Alumina
Limited (VAL) proposed to mine bauxite to
feed its 1.4 million tonne alumina refinery set
up at the foothills, have vowed to restrict the
company from starting its mining operation and
decided to launch dharana in front of the state
assembly from June 22 next to register their
protest.

Patnaik says govt will look into Vedanta issue 12-MAY-10

Orissa Chief Minister Naveen Patnaik today

sought to react cautiously to the Union
Environment Ministry's decision to put on hold
the controversial Vedanta University project in
Orissa, saying his government will look into
the matter.

Pollution notices to Vedanta, NTPC-Kaniha

27-JUL-10
and Visa Steel

The State Pollution Control Board (SPCB)

served closure notices on two industries in
2009-10 for failing to comply with the desired
pollution emission norms and consistently
violating the norms despite showcause notices.

Sterlite ropes Australia's Leighton to enter

26-JUL-10
ports biz

Mining major Vedanta Resources today said it

has entered the port sector by roping in the
Australia-based Leighton Contractors to form a
joint venture with its flagship firm Sterlite
Industries.

Sterlite Industries facing tax demand of Rs 324

26-JUL-10
cr

Vedanta Group firm Sterlite Industries today

disclosed that the excise department has
slapped a tax notice of about Rs 324 crore on
the company, and charged it with violating
several rules.

Nalco to relocate its second aluminium plant to

26-JUL-10
Sundergarh

The state-run National Aluminium Company

(Nalco) has zeroed in on Sundergarh in western
Orissa to relocate its second aluminium cum
power complex, estimated to cost about Rs
16,000 crore, after the originally selected site
of the project in Jharsuguda district ran into
problem on environment grounds.

Court summons Balco CEO over chimney

25-JUL-10
collapse

A local court in Korba has summoned the chief

executive of Vedanta-controlled Bharat
Aluminium Company Ltd (Balco), Gunjan
Gupta, over the collapse of the chimney in the
company’s power plant on September 23 last
year. Forty-one people had died when the
chimney of the 1,200 Mw power plant came
crashing down.

Lanjigarh tribals allege Vedanta violation of

24-JUL-10
FRA

The local tribals and activists have vented their

strong opposition to the diversion of 660.749
hectares (1632.66 acres) of forest land for the
proposed bauxite mining on the Niyamagiri
hills at Lanjigarh in south Orissa's Kalahandi
district by the Vedanta Alumina Limited
(VAL) before the visiting committee of the
Union minister of environment and forests
(MoEF).
Environment Min can examine Vedanta
22-JUL-10
project: AG

Attorney General GE Vahanvati has opined

that the Supreme Court nod to Vedanta
Resources' bauxite mining project in Orissa
does not bind the Environment Ministry to give
an automatic clearance to it, and that the
project must be approved only on "merits".

Brand Vedanta seeks CSR sheen 22-JUL-10

New commercials from mid-August to bridge

trust deficit, but the jury is out on whether
these will work.

Vedanta's Sesa Goa sees Q2 profit declining on

20-JUL-10
China slowdown

Vedanta Group firm Sesa Goa today said its

profit may fall in the second quarter due to
slowing economic activity in China and
prevalent monsoon.
Sesa Goa June quarter net triples 20-JUL-10

Sesa Goa, a unit of London-listed Vedanta

Resources, is India's top private-sector iron ore
exporter, tripled its net profit for the April-June
quarter. It posted a net profit of Rs 1,302 crore,
which was Rs 422 crore a year ago for the
corresponding period.

MoEF panel to review OMC's forest diversion

09-JUL-10
plan

The Union ministry of environment and forests

(MoEF) has constituted a four-member
committee under the chairmanship of N C
Saxena, member of National Advisory Council,
to look into the issue of diversion of 660.74
hectares (1632.66 acres) of forest land at
Lanjigarh for bauxite mining project of Orissa
Mining Corporation (OMC).

ADAG becomes country's third-most valued

02-JUL-10
business house

The Anil Dhirubhai Ambani Group’s (ADAG)

market valuation soared 14 per cent in the June
quarter, the most among India’s top five
business houses, making it the third most
valued group in the country.
First unit of 2400-Mw Sterlite Energy ignited 02-JUL-10

Sterlite Energy Limited, the flagship company

of Vedanta Resources, has ignited the first unit
(600 Mw) of its 2,400 MW power plant at
Jharsuguda. Power generation from this 600
Mw unit is set to commence from September
this year and the entire power will be devoted
to Orissa.The feeding of 600 Mw to the state
grid is expected to help the state to tide over
the power shortfall of around 500 Mw.

Anti-Vedanta activists hail MoEF probe panel 01-JUL-10

The anti-Vedanta activists firmly opposed to

mining of bauxite by Vedanta Aluminium
Limited at Niyamgiri hills in south Orissa's
Kalahandi district have welcomed the move of
the Union ministry of environment and forests
(MoEF) to look into the allegations of the
locals pertaining to violations of environment
norms and forest rights.

Vedanta 'free' to buy $332-mn African assets 30-JUN-10

Mining major Vedanta Resources today said it

is now "free" to acquire 74 per cent stake in
Black Mountain zinc mines in Africa, which it
valued at $332 million.
Cairn may need India govt nod for stake sale: 13-
oil secy AUG-
10

Cairn Energy may need approval from the

Indian government to sell a stake in its Indian
arm, Petroleum Secretary S Sundareshan said
on Friday.

Cairn Energy unlikely to exit Indian arm: 13-

official AUG-
10

Cairn India today said its UK-based parent

Cairn Energy Plc is unlikely to exit completely
from the company.

Vedanta in talks to buy stake in Cairn India 13-

AUG-
10

Edinburgh, UK-based Cairn Energy Plc on

Thursday said it was in talks with Indian
billionaire Anil Agarwal’s Vedanta Resources
Plc to sell a stake in its Indian unit, Cairn India,
which operates oil and gas fields in Rajasthan
and Andhra Pradesh.
Sesa Goa cuts 70% iron ore output in
13-AUG-10
Karnataka

Decision taken after the govt banned ore

exports from the state.

Vedanta in talks to buy stake in Cairn India 12-

AUG-
10

India-focused Vedanta Resources is in talks to

buy a stake in Cairn India (CIL) that would be
the diversified miner's first move into oil and
gas.

Vedanta eyeing Cairn stake or assets: report 12-

AUG-
10

India-focused mining group Vedanta Resources

is in talks to buy assets or take a multibillion-
dollar equity stake in British oil and gas
exploration company Cairn Energy, a news
agency reported.
HLCA approves Vedanta, Hindalco capacity 11-
expansion AUG-
10

The High Level Clearance Authority (HLCA)

chaired by the state Chief Minister Naveen
Patnaik, on Tuesday, cleared the capacity
expansion plans of Vedanta Aluminium
(VAL), Aditya Aluminium, Hindalco
Industries and Ind-Barath Energy Utkal Ltd
besides approving new investment proposals in
power and cement sectors.

Orissa approves investment of Rs 1 lakh cr 10-

AUG-
10

Encouraged by revenue collection to the tune

of Rs 1,000 crore from companies with whom
MoUs were signed, Orissa government today
approved further investment of above Rs 1 lakh
crore in aluminium, power, cement and steel
sectors, official sources said.

Sesa Goa's stock down 9% 01-

AUG-
10
The share price of Sesa Goa fell 8.9 per cent to
close at Rs 332 on the Bombay Stock
Exchange (BSE) today. The main reason was
the company board’s formal approval to
acquire 20 per cent in Cairn India through an
open offer, along with its parent, Vedanta
Group Plc.

Vedanta more than doubles its Ebitda 31-

JUL-10

Billionaire Anil Agarwal-promoted Vedanta

Resources said its Ebitda (Earnings before
interest, tax, depreciation and ammortisation)
for the first quarter ended June 30 grew 124 per
cent to $794 million (Rs 3,692 crore) as the
production of its three most profitable metals
rose.

Vedanta posts record EBITDA for Q1 of $794 30-

mn JUL-10

India-focused mining group Vedanta Resources

Plc posted record first-quarter EBITDA of
$794 million in the three months to end June as
production of its three most profitable metals
rose.

Green activists protest at Vedanta AGM 29-

JUL-10
Vedanta's annual general meeting (AGM) last
evening saw protests from different social and
environmental groups opposed to the group's
proposed mining project in Orissa in India.

Vedanta meeting disrupted by demonstration 29-

JUL-10

Accusing the Vedanta mining company of

destroying the Niyamgiri mountain worshipped
by indigenous Dongria tribes of Orissa, around
250 supporters of a campaign group 'Foil
Vedanta' held a vociferous demonstration
during its annual general meeting here.

Vedanta faces protests over Orissa mine project 27-

JUL-10

India-focused Vedanta Resources will face

protests at its shareholders' meeting on
Wednesday from investors and pressure groups
over its plans to build a bauxite mine in an area
sacred to indigenous people.

Sterlite net profit rises 50% 27-JUL-10

Sterlite Industries, the country’s largest copper
producer, today posted a 50 per cent rise in
June-quarter net profit at Rs 1,008 crore, over
the corresponding period last year, as the metal
commanded higher price. Sales rose 29 per
cent to Rs 5,925 crore.

Cairn Energy to sell 40% if open offer fully 1

taken up 6-
A
U
G
-
1
0

Cairn Energy will end up selling only 40 per

cent, if a planned open offer by Vedanta for 20
per cent of Cairn India is fully taken up, Cairn
Energy Chairman Bill Gammell said on
Monday.

Analysts divided on Vedanta-Cairn India deal 1

6-
A
U
G
-
1
0

India-focused miner Vedanta Resources said it

will acquire 51 per cent to 60 per cent stake in
Cairn India<CAIL.BO> for $8.5 billion to 9.6
billion, a move that would represent Vedanta's
first foray into oil and gas, and help Edinburgh-
based Cairn Energy fund an expensive drilling
programme in Greenland.

Cairn India dips after Vedanta deal 1

announcement 6-
A
U
G
-
1
0

Shares in Cairn India turned negative after

Vedanta Resources said it will acquire 51 per
cent to 60 per cent in the Indian unit of Cairn
Energy.

Vedanta to buy up to 60% of Cairn India for 1

$8.5-9.6 bn 6-
A
U
G
-
1
0

India-focused miner Vedanta Resources said it

will buy 51-60 per cent of Cairn India for about
$8.5-9.6 billion in cash to be funded with debt
and cash.
Cairn India rises to 52-week high on Vedanta 1
deal 6-
A
U
G
-
1
0

Shares of Cairn India today jumped over 3 per

cent to hit a 52-week high on the Bombay
Stock Exchange amid reports of its takeover by
Vedanta Resources, which is likely to
announce its buyout of a controlling stake in
the oil explorer today.

Vedanta buyout of Cairn India likely today 1

6-
A
U
G
-
1
0

In the biggest-ever domestic takeover in the oil

and gas industry, Vedanta Resources Plc is
likely to announce the buyout of a controlling
stake in oil explorer Cairn India through its
Edinburgh-based owner, Cairn Energy Plc, on
Monday.
Cairn discovers oil reserves in KG basin 1
5-
A
U
G
-
1
0

Cairn India, which is on the verge of being

acquired by mining firm Vedanta Resources,
has made an oil and gas discovery in an onland
KG basin block.

Govt unlikely to clear Vedanta-Cairn deal in a 1

hurry 5-
A
U
G
-
1
0

The government is unlikely to clear London-

listed Vedanta Resources' acquisition of
majority stake in Cairn India in a hurry, as it
sees an opportunity in the deal to settle state-
owned ONGC's negative returns from the
latter's Rajasthan oil fields.
The $8.5 billion gamble? 1
5-
A
U
G
-
1
0

Diversify or focus on core competency?

Management theorists have often changed their
answers to that question . There are case-
studies to support either hypothesis. Some
theorists say that a company focussed on one
core business has a better chance to dominate
its peer group. Others point out that eventually,
competitive advantages is eroded in any free
market. Then a business must seek new
avenues of expansion to maintain return on
capital.

Experts differ on govt's role in Vedanta's Cairn 1

deal 5-
A
U
G
-
1
0

Even before the deal between the Vedanta

Group and Cairn Energy for a stake sale in
Cairn India can be sealed, there is controversy
whether or not the deal requires a nod from the
government of India.
Ramesh to meet committee on Posco project on 1
Aug 18 5-
A
U
G
-
1
0

A panel appointed by the environment ministry

to look into the concerns with regard to the Rs
51,000-crore, 12-MTPA steel plant project
proposed by the South Korea steel major Posco
in Orissa’s Jagatsinghpur district would meet
Environment Minister Jairam Ramesh on
August 18. The panel is expected to submit its
report to Ramesh by September. The ministry
has already asked the Orissa government to
stop work on the project.

Vedanta gets banks' nod to fund Cairn deal 14-AUG-10

Contours likely to be finalised by Monday;

markets concerned at debt load.

Vedanta in talks for majority stake in Cairn

14-AUG-10
India

Deal may cost the metal player $8 billion.

Exploratory talks 1
4-
A
U
G
-
1
0

Vedanta: Vedanta Resources’ Indian oil

interest is hard to fathom. No doubt Cairn
Energy will have plenty of ideas for any cash it
may raise by selling a stake in the UK oil
explorer’s Indian subsidiary. But it’s harder to
see what Anil Agarwal’s mining group has to
gain from dipping its toe into the oil business.

Vedanta may acquire at least 51% in Cairn

13-AUG-10
India

London-listed Vedanta Resources Plc is in

talks to acquire a majority 51 per cent stake in
Cairn India for about $8-8.5 billion (nearly Rs
40,000 crore) and the deal may be announced
on Sunday evening or Monday.