Rikus Grobler | Oct 11, 2017 | 0
Skorpion’s parent celebrates
“Our London listing has played a very important role in building Vedanta into the company it is today and we believe that it will be a significant part of the Group’s future. We are proud of what we have achieved and would like to thank all those who have contributed to Vedanta’s success. I look forward to building on this success with many more decades of partnership here in London,” said Group Chairman, Anil Agarwal.
Vedanta’s share price has soared 175% since listing, outperforming the FTSE 100 and FTSE 350 Mining index by a significant margin. The group has already invested over US$25 billion into its Indian business and has made significant contributions to the Indian economy, including 0.4% to the country’s GDP and is now one of the country’s largest taxpayers.
Vedanta’s listing has provided an excellent platform for growth over the last ten years. In this decade, Vedanta has offered global investors exposure to the fast-growing Indian market. Vedanta’s share price has increased by 175% since its listing, outperforming the FTSE 100 and FTSE 250 Mining indices by a significant margin. The Group has delivered a total shareholder return of 12% per annum since flotation, returning $1.4 billion of capital to shareholders.
Today, Vedanta is amongst the largest globally diversified natural resources company. It has increased production ten-fold since 2003, with strong organic growth supported by select acquisitions including like Anglo American Zinc which gave it ownership of the Skorpion Zinc mine at Rosh Pinah.