Take over by Vedanta (2007)
In 2007, Vedanta Resources Plc, a diversified metals and mining group founded by Anil Agarwal, acquired 51% controlling stake[14] in Sesa Goa Ltd. from Mitsui & Co. Ltd. Vedanta Resources is listed on the London Stock Exchange and a constituent of FTSE 100 Index. The deal was worth inr 40700000000, making it the largest M&A deal in the industry so far.[15] In 2009, Sesa Goa acquired Goa-based Dempo Group's mining and maritime businesses for inr 17500000000 in an all-cash deal.[16] This was the second largest[17] acquisition in India's iron-ore industry, and it gave Sesa Goa access to Dempo's 70 million tons of iron-ore mineable resources in Goa. In 2011, Sesa Goa purchased 51% stake in Western Cluster, Liberia for $90 million.[18] The Liberia Gola Forest Community people who also suffered from the civil war believe that the coming of Western Cluster will help to alleviate their suffering and provide employment.
In 2007, it became a majority-owned subsidiary[19] of Vedanta Resources Plc, listed on the London Stock Exchange, when Vedanta acquired 51% controlling stake from Mitsui & Co., Ltd. In June 2009, Sesa Goa Limited acquired[20] VS Dempo & Co. Private Limited (now Sesa Resources Limited) along with its fully owned subsidiary Dempo Mining Corporation (now Vedanta Limited) and 50% equity in Goa Maritime Private Limited. In 2010, Vedanta acquired the zinc assets of British miner Anglo American plc.
In 2011 Vedanta Resources bought 58.5% controlling stake in Cairn India, India's largest private sector oil & gas company.[21] In 2015, Sterlite Industries and Sesa Goa announced their merger and finally merged into a single entity in August 2015.[22] In 2015, Sesa Sterlite changed its name to Vedanta Limited.[23] On 11 April 2017, Cairn India merged with Vedanta Limited to consolidate its position as one of the largest diversified natural resources companies in the world.[24]
In 2018 Vedanta Limited acquired control of Electrosteels Steels Limited.[25] Electrosteel Steels had been constructing an integrated steel plant at Siyaljori in Jharkhand.
In May 2020, it is declared that company is going to delist from Indian bourses as per the comment by Mr. Anil Agarwal.[26]
In September 2022, Vedanta signed a pact with Foxconn as a technical partner to invest inr 1540000000000 to set up semiconductor and display production plants in Gujarat. The venture intends to start manufacturing display and chip products within two years. The investment follows the Indian government commitment to expand incentives beyond an initial $10billion plan for those investing in manufacturing of semiconductors.[27][28] Barely a year later in July 2023 the venture was ended with mutual agreement with both companies maintaining that they are still looking to set up semiconductor foundries in India.[29][30]
On 24 March 2024, Vedanta Ltd announced a $6 billion investment across various business verticals, including aluminium, zinc, iron ore, steel, and oil and gas, aiming to add at least $2.5 billion to its annual EBITDA. The investment is part of a strategy involving over 50 active projects expected to generate additional revenues of over $6 billion, with plans for a significant vertical split leading to the creation of five newly listed companies.[31]
On March 28, 2026, Vedanta's Chairman Anil Agarwal announced the company's plans to invest nearly $5 billion in the US to "build assets, access technology and partner with the best in the industry." The company later clarified that it routinely evaluates such strategic opportunities, and any discussions regarding a potential investment are "exploratory and preliminary in nature."[32]
