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Sesa Goa announces resumption of mining operations

Sesa Goa, a subsidiary of Vedanta Monday announced resumption of its mining operations in the state, after a gap of three years.

$1.25 bn loan from Cairn India win-win for both: Vedanta

Analysts were of the view that the if Cairn did not have a better usage of its cash, it should have rewarded its shareholders buy way of bonus etc.

Sesa Sterlite reports Rs 1,868.29 cr net profit in Q3

The company, previously known as Sesa Goa, had reported a net profit of Rs 496.73 crore in the corresponding period of the previous fiscal.

Sesa Goa shares surge over 13% on inclusion in Sensex

Shares of Sesa Goa on Thursday jumped over 13 percent, adding Rs 1,565 crore to its market value, on inclusion in the 30-share benchmark S&P BSE Sensex from August 27.

Anil Agarwal to be Chairman of new entity Sesa Sterlite

A day after Vedanta Group firms Sesa Goa and Sterlite Industries merged to create Sesa Sterlite, the company Sunday said the group's Chairman Anil Agarwal will head the new entity.

Sesa Goa, Sterlite merger becomes effective

Within a week after receiving final approval from the Goa bench of Bombay High Court, Vedanta group firms, Sesa Goa and Sterlite Industries Saturday announced that their merger scheme, together with several other group firms, has now become effective.

Court ruling clears way for Vedanta overhaul to complete

An Indian court has cleared the way for oil and mining group Vedanta to streamline its sprawling structure, dismissing on Monday an appeal by a shareholder of unit Sesa Goa that could have stopped or delayed the move.

Decks cleared for Sesa Goa-Sterlite merger with Bombay HC nod

The Sesa Goa-Sterlite merger, announced in February 2012, has received all other regulatory clearances.

Sesa Goa to invest $400 mn in Liberian mine in 2-3 yrs

Vedanta group firm Sesa Goa is looking at investing up to USD 400 million on its Liberian iron ore mining project in 2-3 years.

Madras High Court approves Sesa Goa, Sterlite Ind merger

The proposed merger between Sesa Goa and Sterlite Industries, aimed at creating a mega natural resources firm from India, has moved a step closer towards realisation with the nod from the Madras High Court Thursday.

Sesa Goa seeks FM's support for lifting mining ban in Goa

In a letter to the Finance Minister, Sesa Goa's Managing Director P K Mukherjee said Goa's economy has been suffering since last 10 months due to the mining ban, which has caused severe economic and social distress to the people of Goa.

Sesa Goa to resume mining in Karnataka by June

Sesa Goa is looking to restart iron ore mining from Karnataka and expects a strong demand of the ore within the state, a top company official of its parent firm Vedanta Resources said Thursday.

Sesa Goa hopeful of getting green nod to K'taka mine soon

The company's mine in Chitradurga district is among the mines in the state on which the Supreme Court last week had lifted the ban.

Bombay HC approves Sterlite Industries merger proposal

Sterlite Industries (India) Ltd on Wednesday said the Bombay High Court has approved the merger of the mining firm with Madras Aluminium Company, Sterlite Energy Ltd, Vedanta Aluminium and Sesa Goa.

MCA asks SFIO not to initiate prosecution against Sesa Goa

In a relief for Sesa Goa, the Ministry of Corporate Affairs has asked SFIO not to initiate prosecution against the company in a case related to allegations of over and under invoicing exports and imports.

Sesa Goa defers 10-25% of salaries from Jan due to mining ban

Vedanta group firm Sesa Goa has deferred 10-25 percent of salaries to its senior employees as it grapples with huge erosion in sales and profits on account of ban on mining in Goa and Karnataka, a top company official said on Friday.

Sesa Goa Q3 profit down 28%; stays in green on Cairn leverage

Vedanta group firm Sesa Goa Thursday reported 28 percent decline in consolidated net profit at Rs 496.73 crore for the third quarter ended December 31, as several issues, including a mining ban in Goa, affected the company's performance.

Sesa acquires balance 49% stake in Liberia project for $33.5 mn

Vedanta Group firm Sesa Goa on Friday said it has acquired remaining 49 percent stake in Liberia's Western Clusters project for USD 33.5 million (about Rs 185 crore).

SFIO asked to probe fraud by 83 companies since 2008: Pilot

SFIO, the investigation arm of the Corporate Affairs Ministry, has been ordered to probe alleged fraud in 83 companies in the last four years, Parliament was informed Thursday.

Sesa Goa may start importing iron ore to run pig iron plant

Sesa Goa is the largest domestic iron ore miner and had sold 16 million tonnes of iron ore in 2011-12.