BUSINESS PROFILE :
Incorporated in 1954, Sesa Goa (SGL) is India`s largest exporter of iron ore in the private sector. The company`s principal activities are to produce and distribute iron ore, pig iron and metallurgical coke. It currently accounts for 1.5% of the world trade in iron ore and is amongst the lowest cost iron ore mining company.
The company operates a 280,000 TPA metallurgical coke plant and a 220,000 TPA pig iron plant. The mining establishments are located in the states of Goa, Karnataka and Orissa. It exports approximately five million tons of iron ore, fines and lumps to customers in Japan, China, Europe, etc. SGL has 3 divisions, namely engineering, river fleet and shipping and shipbuilding.
SGL has amalgamated all the subsidiaries, Narrain Mines, Sesa Industries, Sesa Kembla Coke Company with itself.
In April 2007, Anil Agarwal-founded Vedanta Resources acquired a controlling stake of 51% in Sesa Goa from Mitsui & Co., Japan, for a consideration of USD 981 million.
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