Oct 29 (Reuters) - India's Sesa Goa, a $5 billion unit of London-listed Vedanta Resources, is being investigated by the Indian government for financial and other irregularities.
Sesa Goa said it believed the investigation originated from a complaint filed in 2003 by a shareholder of Sesa Industries. Vedanta bought a 51 percent stake in Sesa Goa in 2007 for nearly $1 billion from Japanese trading house Mitsui & Co.
Here are some facts about Vedanta:
* VEDANTA: (March 31, 2009)
-- A London listed diversified metal and mining company
Key Products - Aluminium, copper, zinc, lead, iron ore and commercial energy
Operations - India, Zambia and Australia
Employees - 30,000
Revenue - $6.6 billion
Revenue break-up by segment:
Aluminium - $937.1 million
Copper - $3.3 billion
Zinc & Lead - $1.2 billion
Iron ore - $1.07 billion
Investments - $3 billion in growth projects
Key Holdings:
Copper:
- Operated by Sterlite in India and KCM in Zambia
- Holds 59.9 percent of Sterlite and 79.4 percent of KCM
Zinc:
- Owned and operated by Hindustan Zinc Limited (HZL)
- Sterlite holds 64.9 percent in HZL
Aluminium:
- Owned and operated by BALCO, MALCO and Vedanta Aluminium
- Sterlite owns 51 percent of BALCO while Vedanta holds 80 percent of MALCO and 70.5 percent of Vedanta Aluminium
Iron Ore:
- Owned and operated by Sesa Goa
- Holds 51 percent of Sesa Goa
- Sesa Goa, is India's largest producer-exporter of iron ore in the private sector by volume in fiscal year 2007, according to the Federation of Indian Mineral Industries.
- 239.8 million tonnes of Reserves and Resources of ore.
- Produced 15.99 million tonnes (March 31, 2009)
Source: Reuters/Company reports (Writing by Carl Bagh, Bangalore Editorial Reference Unit: Editing by David Cutler and Jon Loades-Carter)