History & Milestones

History and Milestones

2015

Amalgamation of Goa Energy Limited (wholly-owned subsidiary of the company) with the Company became effective on 24th March 2015.

Amalgamation of Sterlite Infra Limited (wholly-owned subsidiary of the company) was approved by the High Court of Madras on 25th March, 2015 and became effective on 8th April, 2015.

The name of the Company has been changed to Vedanta Limited effective April 21, 2015.

2013

A Scheme of Amalgamation and Arrangement amongst Sterlite Industries (India) Limited (Sterlite), Madras Aluminium Company Limited (MALCO), Sterlite Energy Limited (SEL), Vedanta Aluminium Limited (VAL) and Sesa Goa Limited (Sesa Goa) and their respective Shareholders and Creditors (Composite Scheme) has been effective from August 17, 2013.

The name of the Company has been changed to Sesa Sterlite Limited effective September 18, 2013.

2011

Acquired 51% stake in Western Cluster Limited, Liberia

Acquired 18.5% stake in Cairn India Limited

Acquired the assets of upcoming steel plant assets of Bellary Steel & Alloys Limited (BASL), at Bellary

Received the British Safety Council’s International Safety Award for the year 2011 Sesa Industries Limited amalgamated with Sesa Goa Limited with effect from 14th February 2011.

Sesa Goa Limited acquired 100% shares of Goa Energy Private Limited (GEPL) on 3rd November, 2011.

2010

Sesa Goa Limited wins the Best Performer Award instituted by Financial Express – EVI in the Metals & Mining category for its contributions towards the environment and the excellence in the area of ‘Green Business’.

Sesa Goa Limited wins the Certificate of Appreciation For Plantation Management for Reclaimed Sanquelim Mine in CII WR Safety, Health and Environment (SHE) Award.

Sesa Industries Limited and Met Coke Division win the British Safety Council International Safety Award.

2009

Sesa Goa Limited, on 11 June 2009, acquires all outstanding common shares of V S Dempo & Co. Private Limited, with its 100% equity in Dempo Mining Corporation Private Limited and 50% equity in Goa Maritime Private Limited.

2008

Sesa Goa Limited is selected as the Top Indian Company in the Mining Sector for the Dun & Bradstreet American Express Corporate Awards 2007.

Sesa Goa Limited wins the prestigious Sustainable Asian Mining Project of the Year award instituted by the Asian Mining Congress for 2008

Sesa Goa Limited is adjudged the Best Established Value Creator (large companies) for 2008 by Outlook Money NDTV Profit Awards 2007-2008.

2007

Vedanta Resources plc, a diversified metals and mining group, listed on the London Stock Exchange acquires 51% controlling stake in Sesa Goa Limited from Mitsui & Co. Limited, Japan.

Sesa Goa Limited’s Codli Mine wins the prestigious Bala Gulshan Tandon Excellence Award constituted by FIMI, for the year 2006-07.

Sesa Goa Limited is listed as the 12th Fastest Wealth Creator in the 11th Wealth Creation Study report by Motilal Oswal Financial Services Ltd.

2006

Forbes Asia ranks Sesa Goa Limited as One of Asia’s 200 Companies, in its annual Best Under a Billion (US $ in sales) study.

Dun & Bradstreet ranks Sesa Goa Limited as the 4th best in India Mining Sector among India’s Top 500 Companies.

Sesa Industries Limited is ranked 8th in India’s Best Performing Emerging Corporations out of 500 conducted by IMA and Citigroup.

2004

Sesa Group enters its (50th) Golden Jubilee year. 1954 – 2004: 50 glorious years in service to the nation.

Sesa Industries Limited and Sesa Kembla Coke Company Limited signs an agreement with M/s. Goa Energy Private Limited, a part of Videocon Group, to set up a 30 MW power plant at Amona.

Sesa Kembla Coke Company Limited is amalgamated with Sesa Goa Limited with effect from 1 April 2004.

Sesa Goa Limited is adjudged the Best Established Value Creator (Runner-Up – Large Size) for 2004 by Outlook Money Awards.

2003

The Shipbuilding Division launches its 60th vessel, MV Toni, mini-bulk carrier. Sesa Goa Limited raises its equity in Sesa Industries Limited to 88.25%. The Shipbuilding Division was re-certified for ISO 9001: 2000 for Quality. Sesa Industries Limited and Met Coke Division awarded ISO 14001 certification for their Environment Management Systems.

Sesa achieves unique distinction of all three certifications, ISO 9001:2000, ISO 14001 and OHSAS 18001 for its three businesses: Mining, Pig Iron and Met Coke.

2002

Sesa Group becomes the first business of its kind to be certified with OHSAS 18001.

A Narrain Mines Limited, 100% subsidiary of Sesa Goa Limited, is merged with Sesa Goa Limited with effect from 1 April 2002.

2001

Sesa Goa Limited commissions a new process plant for its mining operations at Orissa, whichs aids both, the production and the quality of iron ore produced.

2000

Sesa Kembla Coke Company Limited completes the development of an indigenous and environment friendly technology for producing high quality metallurgical coke and generating power as a by product.

Sesa Kembla Coke Company Limited applies for international patents for its technology and licenses it worldwide to Enron Engineering & Construction Company of USA and Toyo Engineering Corporation of Japan.

1999

Sesa Goa Limited commences mining operations at Barbil in Orissa, producing high grade iron ore and exporting from the nearby ports of Haldia and Paradip.

Sesa Goa Limited acquires 100% shares of A Narrain Mines Limited having mining operations in Karnataka.

1998

Sesa Goa Limited relinquishes representation on the board of Sesa Seat Information Systems Limited.

Sesa Community Development Foundation is established to encompass NCM Sesa Technical School and a new Sesa Football Academy.

1997

Sesa Kembla becomes 100% subsidiary of Sesa Goa.

Karnataka mining developments commence.

1996

Sesa Shipping is merged with Sesa Goa Limited in January.

The pig iron business is consolidated under Sesa Industries Limited in March.

Mitsui & Co. Limited of Japan, through Earlyguard, UK, buys Finsider International with its 51% equity in Sesa Goa Limited on 11 October.

Sesa Kembla Coke Company Limited becomes 100% subsidiary of Sesa Goa Limited.

Sesa Goa Limited becomes the first iron ore mining company in the world to be certified with ISO 14001.

1995

Sesa Shipping is launched in January with the acquisition of transhipper MV Orissa. 84 coke ovens of the Sesa Kembla Coke Company Limited are commissioned in April.

Riva Group acquires Ilva International as part of privatisation of steel industries in Italy. Sesa Goa Limited equity in Sesa Industries Limited is raised to 75%.

NCM Sesa Technical School is established.

Sesa Goa Limited receives ISO 9002 certification for Quality Management.

1994

The second blast furnace is commissioned in July 1994.

1993

Ilva International raises its equity in Sesa Goa Limited to 51%. Sesa Goa Limited reduces its equity in Sesa Seat Information Systems Limited to 15%; STET S.p.A. continues to hold 40% of the expanded capital.

Sesa Industries Limited is launched with 51% equity by Sesa Goa Limited for the manufacture of pig iron and generation of electrical energy.

Sesa Kembla Coke Company Limited is launched for the manufacture of low ash metallurgical coke with 60% equity from Sesa Goa Limited and 40% from Kembla Goa Holdings, Mauritius, a 100% subsidiary of the CRA Group of Australia.

1992

The first phase of 150,000 tpa Pig Iron Plant is commissioned and manufacture of low phosphorous foundry grade pig iron is started.

1988

Sesa Seat Information Systems Limited is started with 60% equity held by Sesa Goa Limited and 40% by STET S.p.A. of IRI Group of Italy.

1984

Sesa Goa starts a barge construction unit at Sirsaim, which has since become the Shipbuilding Division.

1981

Sesa Goa Limited goes public; 60% shares held by 42,000 Indian shareholders and 40% held by Finsider International (now Ilva International).

1979

A single company, Sesa Goa Private Limited, fully owned by Finsider S.p.A., is formed with the amalgamation of Sesa Goa Limitada and Mingoa Sociedade Miniera Goesa S.a.r.l.

1965

Sesa Goa Limitada and Mingoa Sociedade Miniera Goesa S.a.r.l. are incorporated as private limited companies under the Indian Companies Act 1956.

1963

Finsider S.p.A. acquires the West German interest in Sesa Goa Limitada and also all the shares of Mingoa Sociedade Miniera Goesa S.a.r.l.

1957

Another company is incorporated in Goa; Mingoa Sociedade Miniera Goesa S.a.r.l., with Fiat of Torino as the principal shareholder.

1955

The company renamed Sesa Goa Limitada is bought over jointly by Gewerkeshaft Exploration e Bergbau represented by Eugene Plotzki and by Ferromin S.p.A. of Italy (a subsidiary of Finsider S.p.A. of the IRI Group) represented by Paolo Tradardi, both parties having equal shareholding.

1954

Baron Ludovic Toeplitz lands in Goa. With the financial backing of an enterprising Italian, Alessandro Vassalo, he acquires the Orasso Dongor Mining Concession in North Goa and starts a company called Scambi Economici S.A. Goa.