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vishakha Jangir

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Set2Score • 8d

𝗛𝗼𝘄 𝗱𝗶𝗱 𝗮 𝗽𝗲𝗿𝘀𝗼𝗻 𝗳𝗿𝗼𝗺 𝗮 𝗺𝗶𝗱𝗱𝗹𝗲-𝗰𝗹𝗮𝘀𝘀 𝗳𝗮𝗺𝗶𝗹𝘆 𝗯𝘂𝗶𝗹𝗱 𝘁𝗵𝗲 𝘄𝗼𝗿𝗹𝗱'𝘀 𝗹𝗮𝗿𝗴𝗲𝘀𝘁 𝘇𝗶𝗻𝗰-𝗽𝗿𝗼𝗱𝘂𝗰𝗶𝗻𝗴 𝗰𝗼𝗺𝗽𝗮𝗻𝘆? It's about Anil Agarwal. Born in Patna, Bihar in 1954 into a modest family; father ran a small aluminum conductor business. Moved to Mumbai after high school in search of business opportunities. Started trading scrap metal (copper and aluminum) in 1976; gained insights into the metal industry. Founded Sterlite Industries in 1986; focused on copper cable manufacturing. Set up India's first private sector copper smelter and refinery in 1993. Took Sterlite public and rapidly expanded operations. Acquired Bharat Aluminium Company Ltd (BALCO) (51% stake) in 2001 and Hindustan Zinc Ltd (HZL) (65% stake) in 2002 from the Indian government during privatization. Turned both companies profitable and established Vedanta as a leading player in zinc and aluminum. Founded Vedanta Resources PLC in 2003 and listed it on the London Stock Exchange (first Indian company to do so). Consolidated all mining and metal businesses under Vedanta. Acquired Cairn India in 2011; gained control of India’s largest oil-producing fields. Expanded into iron ore, zinc, lead, silver, aluminum, and oil and gas with operations in India, Africa, and Australia. Became one of the largest natural resources companies globally. Focused on acquiring undervalued government assets and turning them profitable. Leveraged India's growing demand for metals and expanded into international markets. Focused on improving operational efficiency and reducing production costs. Took calculated risks, including LSE listing and major acquisitions, even during economic uncertainty. Vedanta’s market capitalization crossed $15 billion at its peak. Vedanta became one of the world's largest producers of zinc and a major player in aluminum and oil production. Faced environmental and human rights issues, including the closure of the Thoothukudi copper plant due to environmental protests. Continued expansion despite operational challenges and regulatory hurdles. Follow me vishakha Jangir for more such business insights.

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