Iron Ore

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Iron Ore

Sesa Goa Iron Ore, a Vedanta Group company is engaged in exploration, mining and processing of iron ore. The company was founded in 1954, as Scambi Economici SA Goa. Since then, it has grown to be one among the top low-cost producers of iron ore in the country. During 1991-1995, it diversified into the manufacture of pig iron and metallurgical coke. It has also developed indigenous and environment-friendly technology for producing high quality metallurgical coke. Sesa Goa Iron Ore also has a 60 MW power plant that produces clean power by using the waste heat recovery from its coke ovens and blast furnace gas.

In 2007, it became a majority-owned subsidiary of Vedanta Resources Plc, listed on the London Stock Exchange, when Vedanta acquired 51% controlling stake from Mitsui & Co., Ltd. In June 2009, Sesa acquired VS Dempo & Co. Private Limited (now Sesa Resources Limited) along with its fully owned subsidiary Dempo Mining Corporation (now Sesa Mining Corporation Limited) and 50% equity in Goa Maritime Private Limited.
Sesa Goa Iron Ore operations in India are in Goa and Karnataka.

The annual capacity of Sesa Goa Iron Ore Business is 5.5 MT per annum. The  recent SC verdict of February 7 , 2018 has brought entire mining industry in Goa to a halt .Vedanta Sesa Goa Iron Ore is hopeful of quick resolution for resumption of mining. The capacity for Iron Ore Business for Karnataka is 4.5MT per annum.

Vedanta has signed a MOU with the state government of Jharkhand to set up a 1 MTPA capacity integrated steel plant in Jharkhand. The plant would contribute to employment generation of nearly 5000 people in the state.

Vedanta Star a subsidiary has taken the management control of Electro Steel Ltd. as directed by the National Company Law Appellate Tribunal (NCLAT) on May 30 2018.

Share Price

  • Last Close

    775.8000
  • Mid Price

    771.5000
  • Day's Change (p)

    -2.8000
  • Day's Change (%)

    -0.3609
  • 15 minute delayed share price from London Stock Exchange.