Professional Documents
Culture Documents
Sri Rawatpura Sarkar University
Sri Rawatpura Sarkar University
On
Of
Subhasmita nayak
PREFACE
We are confident that anyone who goes through the report will learn
how much we have learnt & benefited during the period.
STUDENTS DECLARATION
SUBHASMITA NAYAK
MBA III sem.
Roll No.
TABLE OF CONTENTS.
Preface………………………………………………………………… 02
Student’s Declaration…………………………………………… 03
Certificate……………………………………………………………. 04
1.Introduction to the Organization\Industry ……….. 06
2.About the project……………………………………………….07
Vedanta Limited is an Indian multinational mining company headquartered in Mumbai, India, with
its main operations in iron ore, gold and aluminium mines in goa, Karnataka, rajasthan and Odisha.
Sterlite Industries
In the 1990s, as the Indian government began to sell off sick (non-performing) companies,
Sterlite began to bid for them. They were able to bid successfully for BALCO and Hindustan zinc
Limited, both bankrupt companies that had been closed down for 4 years. Meanwhile, in January
1993, D. P. Agarwal founded Twinstar Holdings Limited in Mauritius, which was mostly owned by
Volcan investments. On 26 May 2002, the Enforcement directorate filed a show cause notice with
Sterlite, relating to the six-year period between 1993 and 1999 when Twinstar acquired the
shares of Sterlite and various investment companies – such as Dwarka Prasad Anil Kumar
Investments Private Limited, Pravin Navin Investment & Trading Private Limited and Sterlite
Copper Rolling Mills Private Limited – which, in turn, had made substantial investments in Sterlite
and another group company, Madras Aluminium Company Limited (MALCO) after obtaining
permission from the Reserve bank of india (RBI). On 29 April 1999, many of these investment
companies were liquidated and all the shares of Sterlite came back to Twinstar's possession.
Twinstar became the 100% owner of shares in these investment companies and received
government approvals from the RBI as well as the Foreign Investment Promotion Board (FIP
ABOUT THE PROJECT