Vedanta Resources was founded in Bombay in 1976 by Anil Agarwal, who is also its Executive Chairman. Agarwal founded Sterlite Industries in 1976 and then in 1986 established Vedanta Resources bringing together a variety of businesses owned by the Agarwal family. It was first listed on the London Stock Exchange in 2003 when it raised $876 million through an Initial Public Offering.In December 2011 it announced the US$8.67 billion acquisition of Cairn India, a subsidiary of Cairn Energy.
#Anil Agarwal- India’s biggest donor and the #Indianmetalsmagnate ‘It is important to give back what we earn for the greater good of society’ these are the words by Anil Agarwal (24th January 1954) the founder of the Vedanta Resources Plc.
Vedanta donations ruled illegal by Delhi court INDIA'S two main political parties both broke laws barring foreign donations by accepting cash from local companies owned by London-listed mining group Vedanta Resources Plc between 2004 and 2012, the Delhi High Court said on Friday (March 28).
Vedanta Foundation, the fully funded charitable trust of Vedanta Resources Plc with a heart for social development will offer basic computer coaching classes and vocational programs like tailoring and beautician to the Children, spouse, relatives of police families in Mumbai. In this venture Vedanta Foundation will be providing computers, trainers, exam organization, certification whereas the local police personnel’s would be assisting in mobilizing students from police colonies.