Sterlite Copper-Should the Plant be Reopened?
| Case Code: BENV051 Case Length: 16 Pages Period: 2000-2018 Pub Date: 2024 Teaching Note: Available |
Price: Rs.400 Organization: Public company Industry: Chemicals Countries: India Themes: Business Ethics, Disclosure and Transparency, Ethical Decision Making |
Abstract Case Intro 1 Case Intro 2 Excerpts
About Vedanta
Sterlite Industries, founded in 1979, had acquired mining concessions across India. It went public in 1988. In 1991, Sterlite commissioned a continuous cast copper rod plant. In 1992, the founders of Sterlite established Volcan Investments in the Bahamas, which was its holding company. Sterlite acquired several sick companies that the Government of India sold in the 1990s. These included Bharat Aluminium Company Ltd. and Hindustan Zinc Limited.
In 2003, the founders incorporated a company – Angelchange Limited – in the UK. The name was later changed to Vedanta Resources and it was re-registered as a public limited company. Vedanta Resources functioned as a flagship company of Vedanta Plc.
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