Prosecution filed against Sesa Goa for violation of Cos Act

Last Updated: Thursday, May 3, 2012, 20:17

The government Thursday informed Parliament that it has initiated prosecution proceedings against Vedanta Resources-owned Sesa Goa for violation of certain provisions of the Companies Act.

Sesa Goa hopes to sign MoU for steel plant with J'khand soon

Last Updated: Sunday, April 29, 2012, 16:52

Vedanta group company Sesa Goa expects to sign soon a memorandum of understanding (MoU) with the Jharkhand government for a 1.5-million-tonne steel plant in the state, a company official has said.

Sesa Goa to begin exploration in Liberia mines this week

Last Updated: Thursday, April 26, 2012, 18:01

Vedanta group firm Sesa Goa will begin exploration later this week at its Liberian iron ore project that is estimated to hold reserves of over 1 billion tonnes, a top company official said.

CCI approves merger of Sterlite, Sesa Goa

Last Updated: Tuesday, April 24, 2012, 18:41

Competition watchdog CCI has approved the mega-merger of Sterlite Industries and Sesa Goa that was announced by its parent company Vedanta Resources on February 25 this year.

Sesa Goa's production down 27pc to 13.80 MT in last fiscal

Last Updated: Tuesday, April 10, 2012, 16:06

Vedanta group firm Sesa Goa's iron ore production declined 27 percent to 13.80 million tonnes (MT) in 2011-12 due to host of reasons including ban on mining in Karnataka.

HC issues contempt notice to Sesa Goa

Last Updated: Monday, April 9, 2012, 22:43

The Goa bench of Bombay High Court Monday issued a contempt notice to Sesa Goa Ltd for allegedly violating its order on the transport of iron ore.

No corporate impropriety by Sesa Goa, says new SFIO report

Last Updated: Monday, March 5, 2012, 20:56

In a U-turn, the fraud probe agency SFIO in its latest report said that mining major Sesa Goa Ltd (SGL) has not indulged in any corporate impropriety with regard to allegations of over and under invoicing of exports and imports.

Sesa-Sterlite have cash to repay debt in 3 years: Agarwal

Last Updated: Wednesday, February 29, 2012, 19:07

Vedanta management has held a series of meetings with minority and institutional investors to take them on board deal.

MCA examining CLB options in Sesa Goa case

Last Updated: Monday, February 27, 2012, 21:07

The Corporate Affairs Ministry will take a call on whether there is a case for further action against Vedanta Group firm Sesa Goa, which was probed by Serious Fraud Investigation Office for alleged irregularities in its iron ore trading.

Shares of Sesa Goa down 10%, Sterlite 3% on merger plan

Last Updated: Monday, February 27, 2012, 11:36

Shares of Sesa Goa and Sterlite Industries closed with losses -- while the iron ore miner lost 10.45 percent, the metals major was down by 2.53 percent --on the bourses Monday, following announcement of merger of the two companies by the parent Vedanta group.

Sesa Sterlite looking at coal assets in Latin America

Last Updated: Saturday, February 25, 2012, 19:07

Sesa Sterlite, the new entity that will absorb Vedanta Resources' major businesses in India and abroad, will look to buy out coal assets in Latin America to plug the missing link in its portfolio, Vedanta group chief Anil Agarwal said on Saturday.

Vedanta to merge Sterlite with Sesa Goa

Last Updated: Saturday, February 25, 2012, 12:43

In a major revamp, billionaire Anil Agarwal-led metal and mining major Vedanta Resources on Saturday decided to merge Sterlite Industries with Sesa Goa to create USD 20 billion controlling entity for simplying its group structure.