- Vedanta is a spiritual tradition that is concerned with self-realisation by which one understands the ultimate nature of reality (Brahman)
- It is also a massive integrated metals and mining group headquartered in London, owned by billonaire entrepreneur, Anil Agarwal
- Principal operations are located in India, with a major market share in aluminium, copper, zinc and lead. There are also substantial copper operations in Zambia and Tasmania (Australia)
- Revenue increased from $3,701.8 million in fiscal 2006 to $8,203.7 million in fiscal 2008, representing a compound annual growth rate of 48.9%. Not bad, albeit in a market with rapidly rising commodity prices.
- Has had quite a lot of flak for environmental issues in India - http://www.minesandcommunities.org/article.php?a=1561
- Citigroup recently reduced its target price for the stock to 725p from 790p which is still well above the current price of 545.50. "The steel market is a fast changing market and the balance between contract-sales and spot sales is changing just as rapidly...Vedanta is more dependent on spot prices than peers and also has greater sales-volume risk than peers”
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