Sesa Goa (SGL) was incorporated in the year 1954. It is India`s largest exporter of iron ore in the private sector. Please note that name has been now changed to Sesa Sterlite with code as SSLT and now name again changed to Vedanta Ltd.
The company`s principal activities are to produce and distribute iron ore, pig iron and metallurgical coke, with a total turnover of around Rs 6,000 million. It currently accounts for 1.5% of the world trade in iron ore and is amongst the lowest cost iron ore mining company. The company operates a 280,000 tpa metallurgical coke plant and a 220,000 tpa pig iron plant.
The mining establishments are located in the states of Goa, Karnataka and Orissa. It exports approximately five million tonnes of iron ore, fines and lumps to customers in Japan, China, Europe, etc. The company has 3 divisions, namely, engineering, river fleet and shipping and ship building. It has amalgamated all the subsidiaries, Narrain Mines, Sesa Industries, Sesa Kembla Coke Company with itself. In November 2005, it entered into a technology licensing agreement with XTnrgy, (XT), granting XT an exclusive and non-transferable license to use its Indian patented non-recovery coke making technology for setting up non-recovery coke oven plants within North America, Central America, South America and the United Kingdom. Further, the company is also an associate of the Japan-based Mitsui group. The company is examining options to put up a 30 mw pilot project close to its plant in Goa, at an estimated cost of Rs 1,200-1,500 million. On Apr. 24, 2007, the UK-based Vedanta Resources acquired 51% controlling stake in Sesa Goa for USD 981 million (Rs 40.7 billion).
The company`s principal activities are to produce and distribute iron ore, pig iron and metallurgical coke, with a total turnover of around Rs 6,000 million. It currently accounts for 1.5% of the world trade in iron ore and is amongst the lowest cost iron ore mining company. The company operates a 280,000 tpa metallurgical coke plant and a 220,000 tpa pig iron plant.
The mining establishments are located in the states of Goa, Karnataka and Orissa. It exports approximately five million tonnes of iron ore, fines and lumps to customers in Japan, China, Europe, etc. The company has 3 divisions, namely, engineering, river fleet and shipping and ship building. It has amalgamated all the subsidiaries, Narrain Mines, Sesa Industries, Sesa Kembla Coke Company with itself. In November 2005, it entered into a technology licensing agreement with XTnrgy, (XT), granting XT an exclusive and non-transferable license to use its Indian patented non-recovery coke making technology for setting up non-recovery coke oven plants within North America, Central America, South America and the United Kingdom. Further, the company is also an associate of the Japan-based Mitsui group. The company is examining options to put up a 30 mw pilot project close to its plant in Goa, at an estimated cost of Rs 1,200-1,500 million. On Apr. 24, 2007, the UK-based Vedanta Resources acquired 51% controlling stake in Sesa Goa for USD 981 million (Rs 40.7 billion).
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