Business & Economy

Sesa Sterlite Limited renamed as Vedanta Limited

NetIndian News Network

New Delhi, April 22, 2015

Natural resources major Sesa Sterlite Limited, the Indian subsidiary of Vedanta Resources Plc, today announced that it had been renamed as Vedanta Limited.
A press release from the company said that its shareholders had approved the name change through postal ballot, the result of which was announced on March 30.
"The name change to Vedanta Limited is now effective post issue of ‘Fresh Certificate of Incorporation’ issued by the Registrar of Companies, Goa, Ministry of Corporate Affairs (MCA), Government of India.
“The name change from Sesa Sterlite to Vedanta Limited promises a united and aligned identity, Vedanta, which positions us to create greater value for our domestic and global stakeholders, as a diversified natural resources group of companies. Vedanta embodies commitment to deliver world class excellence with low cost operations and superior shareholder returns,” said Mr. Tom Albanese, Group CEO, Vedanta.
Vedanta Resources Plc is a globally diversified natural resources company. Its Indian subsidiary is engaged in the exploration and production of aluminium, zinc, lead silver, copper, iron ore, oil & gas and commercial power.
The change in the name of the company will have no impact on the operations of subsidiary companies -- Cairn India Limited, Hindustan Zinc Ltd (HZL) and Bharat Aluminium Co. Ltd (BALCO) and the divisions of Vedanta Limited, the release added.

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