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Vedanta aims 5.5 MT iron ore exports by March 2016

20 Oct 2015 Evaluate

Vedanta is eying to achieve its target of 5.5 million tonnes (MT) iron ore exports by March next year. The company’s iron ore division is expecting to mine 5.5MT of fresh iron ore from its mines in Goa. The low grade ore is not used by domestic steel makers, and most of it will be exported by March 2016.

Vedanta is a diversified natural resources company, whose business primarily involves exploring and processing minerals and oil & gas. The Company produces oil & gas, zinc, lead, silver, copper, iron ore, aluminium and commercial power and has a presence across India, South Africa, Namibia, Ireland, Australia, Liberia and Sri Lanka.

Peers
Company Name CMP
Hindalco Industries 981.90
Vedanta 264.35
Hindustan Zinc 576.05
Jain Resource Recycl 284.70
CMR Green Tech 216.55
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