Vedanta appoints Ajay Kapur as CEO of aluminium, power business. For more information please visit www.vedantalimited.com. MUMBAI, India, Sept. 30, 2016 /PRNewswire/ -- Vedanta Limited announces that Arun Kumar, who is currently Deputy Chief Financial Officer at Vedanta, has been appointed Chief Financial Officer of the Vedanta group. For more information please visit www.vedantalimited.com. The mine has total reserves of 312 million tonnes and an … Vedanta owns 70.5% of the share capital of Vedanta Aluminium and Sterlite owns the remaining 29.5% share capital of Vedanta Aluminium. Vedanta Aluminium Limited (VAL) has acquired a 24.5% stake in L & T subsidiary Raykal Aluminium. Vedanta was listed on the London Stock Exchange and was a constituent of the FTSE 250 Index until Chairman, Anil Agarwal's offer to take the company private went unconditional in September 2018. New Delhi: Vedanta on Friday reported 61.8 per cent decline in consolidated net profit at Rs 824 crore for the quarter ended September 30, 2020 on the back of one time tax expense. Kapur joins Vedanta from Ambuja Cements, where he was the managing director and CEO for its … Ajay Kapur CEO - Aluminium & Power at Vedanta. Vedanta Ltd has said Sunil Duggal, the CEO of its subsidiary Hindustan Zinc Ltd, ... Sesa Goa Iron Ore, Vedanta Aluminium and Electrosteel Steels Ltd are headed by chief executive officers. The company posted a net profit of Rs 2,158 crore in the year-ago period, Vedanta said in a filing to BSE. Vedanta stock is showing rise backed by appointment of new CEO for Aluminium and power business. All right reserved. Vedanta appoints Ajay Kapur as CEO of aluminium, power business. US$ 3 bln) CFO JSC ArcelorMittal Temirtau. DD will continue to provide transition support to the leadership team. Vedanta's CEO & CFO on #Q4WithBQ and Cairn India's investment in Anglo American. By Sambad English Bureau On Aug 15, 2019 Jharsuguda: Chhavi Nath Singh assumed charge as Chief Executive Officer of Vedanta Ltd., Jharsuguda on Tuesday. The company is fundamentally strong too. We look forward to Ajay’s contributions in taking our Aluminium business to new heights and creating long term and sustainable value for our shareholders,” said Mr. Anil Agarwal, Executive Chairman, Vedanta Resources Limited. var path = 'hr' + 'ef' + '='; Vedanta Ltd - Aluminium & Power is one of the India’s largest Aluminum producers which can never go out of business and has to ensure operational continuity even during the lockdown. Vedanta Ltd - Aluminium & Power is one of the India’s largest Aluminum producers which can never go out of business and has to ensure operational continuity even during the lockdown. Cairn India chief executive Sudhir Mathur has resigned from the company, the fourth CEO to quit the firm since it was taken over by mining billionaire Anil Agarwal-led Vedanta Group seven years back. A marwari from Patna, Agarwal came down to Mumbai as a scrap dealer in 1976 and went on to build an empire in copper, zinc, aluminum and iron ore. Vedanta Aluminium, a part of Vedanta Limited, is India's largest producer of aluminium, producing 1.95 million tonnes per annum (MTPA) in FY19. About Vedanta Resources plc. Get Top Management, MD , CEO , HR Manager Contact details with Email id of Bharat Aluminium Company Ltd ( Vedanta Resources ) in New Delhi . Vedanta has operations in India, … His enormous experience in the infrastructure sector will definitely work towards driving growth of India’s largest aluminium capacity. document.getElementById('cloak6629a6786dd082848af85d619069828b').innerHTML = ''; Swayam Saurabh. Arun Kumar joined Vedanta in 2013 as CFO for the company's Aluminium & Power ... silver, copper, iron ore, aluminium and commercial power. addy6629a6786dd082848af85d619069828b = addy6629a6786dd082848af85d619069828b + 'adfactorspr' + '.' + 'com'; About Vedanta Limited (Formerly Sesa Sterlite Limited.). 11K likes. Its main products are Zinc, Lead, Silver, Oil & Gas, Iron Ore, Steel, Aluminium and Power. Aug 2017 – Nov 2019 2 years 4 months. The company has two state-of-the-art aluminium smelters at Jharsuguda, (Odisha) and at BALCO in Korba, (Chhattisgarh), with a total installed capacity of 2.2 MTPA. The mine has total reserves of 312 million tonnes and an … You need JavaScript enabled to view it. This email address is being protected from spambots. Kapur joins Vedanta from Ambuja Cements, where he was the managing director and CEO for its … Speaking on the appointment, Mr. Srinivasan Venkatakrishnan, CEO, Vedanta Resources Limited said, “Appointment of Ajay will further bolster the leadership pool of Vedanta Resources, which is committed towards sustainable economic growth of the organisation and the nation. Jharsuguda Area, India. "Ajay will The coal block is an optimal fit for Jharsuguda smelter, given its logistical location and annual capacity, the company said. These uncertainties may cause our actual future results to be materially different that those expressed in our forward-looking statements. “Ajay will provide leadership for unlocking the full potential of our Aluminium & Power business which is a USD 10 billion asset with a revenue of USD 6 billion. Vedanta-led Cairn India CEO, CFO quit firm. PTI; April 11, 2019, 17:06 IST New Delhi: Mining giant Vedanta Tuesday said it has appointed Ajay Kapur as the chief executive officer of its aluminium and power business. Vedanta is the largest aluminium producer in India with a capacity of 2.3 mtpa and a 40% market share in India’s aluminium industry. Vedanta limited (formerly Sesa Goa / Sterlite) is one of the many Indian subsidiaries of Vedanta resources and operates iron ore mines in Goa. I am excited to join Vedanta as CEO for aluminium and power...", Kapur said. Aug 2017 – Nov 2019 2 years 4 months. I am excited to join Vedanta as CEO for aluminium and power...", Kapur said. Loading... Unsubscribe from OdishaLIVE? Vedanta Jharsuguda is actively supporting the Odisha government and district administration. for setting up of and management of the 110 bedded (including 10 ICUs) COVID Hospital at Jharsuguda having all necessary equipment, medical gears and infrastructure to handle the highly infectious disease. DD will continue to provide transition support to the leadership team. Prior to heading the Jharsuguda operations as CEO, he was at the helm of affairs as COO of VL-J, leading the mammoth aluminium complex with his wealth of knowledge gained through three decades in the industry. PTI; April 11, 2019, 17:06 IST Anil Agarwal, Chairman, Vedanta said, "I have worked closely with DD, and thank him for his sound advice, integrity and commitment, which has made a positive impact to Vedanta's journey. New Delhi, March 5, 2019: Vedanta Limited today announced the appointment of Mr. Ajay Kapur as the Chief Executive Officer of its Aluminium and Power business and member of Group’s Executive Committee. A distinguished alumni of the Wharton Business School, Ajay is an Economics graduate from St. Xavier’s College, Mumbai and an MBA from KJ Somaiya Institute. from 8 AM - 9 PM ET, HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, http://sd.vedantaresources.com/SustainableDevelopment2015-16/, http://photos.prnewswire.com/prnh/20150422/740375. Kapur joins Vedanta from Ambuja Cements, where he was the managing director and CEO for its India business. Vedanta appoints Ajay Kapur as CEO of aluminium, power business "Vedanta is a progressive organisation with a wide presence across natural resources, strong asset footprint, financial strength and above all strong values. Prior to Vedanta, Arun was the CFO for General Electric's Asia-Pacific Lighting & Appliances businesses based out of Shanghai. I am excited to join Vedanta as CEO for Aluminium and Power where I see a great opportunity for growing the business and unlock its true potential in one of the fastest growing economies in the world, where the per capita consumption of natural resources is still nascent. We have strategically located large scale assets with integrated power from captive power plants in Indian states of Chhattisgarh and Odisha. Ajay Kapur CEO - Aluminium & Power at Vedanta Ajay Kapur is Chief Executive Officer - Aluminium & Power at Vedanta, Indias largest aluminium producer. He joined Vedanta from Ambuja Cement, now a part of Lafarge Holcim, where he was the MD and CEO for the company’s India businesses and held various strategic positions within the organisation over a span of 25 years. Anirvan Bhattacharjee / Lennon D’Souza Adfactors PR. Vedanta Aluminium Limited is a subsidiary of Vedanta Resources Plc, a London Stock Exchange listed, FTSE 100 Global Metals & Mining Group, having interests in aluminium, copper, zinc, lead and recently, iron & steel. You need JavaScript enabled to view it. Earlier, in March 2020, Sunil Duggal was given additional charge as Vedanta's Interim CEO. Swayam Saurabh Chief Financial Officer at Hindustan Zinc Limited (Vedanta Group) Udaipur. Vedanta Resources Limited is a global diversified metals and mining company with its headquarters in London, England.It is the largest mining and non-ferrous metals company in India and has mining operations in Australia and Zambia and oil and gas operations in three countries. Our CEO, Mr. Ajay Kapur addressed bright and dynamic students at the National Conference organised by KCC Institute on Transformation of the Indian Economy. He joins Vedanta from Ambuja Cements where he was the Managing Director & Chief Executive Officer for their India business. Vedanta Resources plc (Vedanta) is a London listed diversified global natural resources company. In this context, forward-looking statements often address our expected future business and financial performance, and often contain words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "should" or "will." Vedanta Jharsuguda - COVID19 Initiatives. Vedanta Limited is listed on the Bombay Stock Exchange and the National Stock Exchange in India and has ADRs listed on the New York Stock Exchange. var prefix = 'ma' + 'il' + 'to'; VEDANTA, JHARSUGUDA Abhijit joined the Vedanta Group in 2008. Pushpender Singla, Vedanta Zinc CFO, says he is committed to growth in Africa 07 August 2018 CFO South Africa "I believe in the mantra: in year one you learn, in year two you deliver your best, in year three you make sure you have a successor in place before you target a … Dixit takes over the position from Sudhir Mathur, who was at the top job for seven years.The company said Mathur has quit to pursue "personal endeavors." The natural resources conglomerate has also set a benchmark by being the only company in India that comes out with an annual tax transparency report. Leader’s Talk: Ajay Kapur, CEO, Vedanta Ltd-Aluminium & Power Business Shivangi Chakravorty Sep 24, 2020, 02.08 PM Ajay Kapur is the CEO, Aluminium &Power, Vedanta Ltd, the country’s largest aluminium producer. The company management remained tight-lipped about the resignations, but indicated there was nothing unusual in these movements Jharsuguda Area, India. The company has a presence across India, South Africa, Namibia, Australia and Ireland. Vedanta Ltd appoints Mr Ajay Kapur as CEO-Aluminium & Power 05 March 2019. PRESS RELEASE SUNIL DUGGAL TAKES OVER AS VEDANTA CEO 14 August 2020: Vedanta Limited announced that industry veteran and former CEO of Hindustan Zinc Ltd, Sunil Duggal is elevated as Chief Executive Officer of the company.. Suman Peswani Head Talent Acquisition @Hindustan Zinc Limited at Vedanta Resources Plc Prior to joining the Jharsuguda operations, since 2016 Singh was at the helm of affairs at Talwandi Sabo Power Ltd., a wholly owned subsidiary of Vedanta Limited, as Chief Operating Officer. Governance and Sustainable Development are at the core of Vedanta's strategy, with a strong focus on health, safety and environment and on enhancing lives of the local communities. CFO Vedanta Aluminium Jharsuguda. Vedanta Aluminium & Power Business, a producer of aluminium, directs its efforts towards increasing its production of aluminium and is investing in the development of high-quality value-added products that enable the company to create a wide range of offerings. Mining giant Vedanta Tuesday said it has appointed Ajay Kapur as the chief executive officer of its aluminium and power business.Kapur joins Vedanta from Ambuja Cements, where he was the managing director and CEO for its India business. The group has operations in India, Australia, and Zambia. Vedanta Limited - Aluminium Business. He is also part of Vedanta’s Group Executive Committee. Metals prices have bottomed out: Vedanta CEO Tom Albanese 29 Apr, 2016, 03.55 AM IST. Speaking on his appointment as CEO, Vedanta Aluminium and Power Mr. Ajay Kapur said, “Vedanta is a progressive organisation with a wide presence across natural resources, strong asset footprint, financial strength and above all strong values. New Delhi: Vedanta Ltd has emerged as the highest bidder for Radhikapur west coal block located in Angul district of Odisha at a distance of about 190 km from the company's Jharsuguda aluminium smelter. var addy6629a6786dd082848af85d619069828b = 'adfactorsvedanta' + '@'; Along with Mathur, Pankaj Kalra, the chief financial officer of Cairn India, which is now a part of Vedanta Ltd after its merger with the parent, has also resigned, sources privy to the development said. Vedanta-led Cairn India CEO, CFO quit firm. Vedanta Limited is listed on the Bombay Stock Exchange and the National Stock Exchange in India and has ADRs listed on the New York Stock Exchange. “Ajay will provide leadership for unlocking the full potential of our aluminium & power business, which is a $ 10 billion asset with a revenue of $ 6 billion. He has been instrumental in leading several excellence programs during his previous tenure, which will be extremely critical and effective in the transformational journey of our aluminium business. New Delhi: Vedanta Ltd has emerged as the highest bidder for Radhikapur west coal block located in Angul district of Odisha at a distance of about 190 km from the company's Jharsuguda aluminium smelter. Arun Kumar joined Vedanta in 2013 as CFO for the company's Aluminium & Power business. Read more about Vedanta appoints Ajay Kapur as CEO of aluminium, power business on Business Standard. Vedanta Ltd has said Sunil Duggal, the CEO of its subsidiary Hindustan Zinc Ltd, ... Sesa Goa Iron Ore, Vedanta Aluminium and Electrosteel Steels Ltd are headed by chief executive officers. Vedanta Limited is a diversified natural resources company, whose business primarily involves producing oil & gas, zinc - lead - silver, copper, iron ore, aluminium and commercial power. Ajay Kapur is the CEO, Aluminium &Power, Vedanta Ltd, the country’s largest aluminium producer. They are the primary partner to the Odisha Govt. I am excited to join Vedanta as CEO for aluminium and power...", Kapur said. Mathur is the fourth CEO to have quit the company since Vedanta completed the acquisition of Cairn India in December 2011. Pushpender Singla has a Bachelor in Commerce from Bikaner University, Rajasthan, and qualified as a Chartered Accountant at ICAI, India. Forward–looking statements by their nature address matters that are, to different degrees, uncertain. DD's business insight in the role of CFO for the last decade has empowered the Vedanta team, and I am pleased that the company is well positioned to deliver on its strategic initiatives, with Arun taking up the mantle.". Vedanta has announced the appointment of Ajay Kapur as the chief executive officer of its aluminium and power business and member of the group’s executive committee.. Kapur joins Vedanta from Ambuja Cement, where he was the managing director & chief executive officer for their India business. Photo - http://photos.prnewswire.com/prnh/20150422/740375, For further information, please contact:Roma BalwaniPresident - Group Communications and Sustainable DevelopmentTel: +91-22-6646-1000[email protected], Cision Distribution 888-776-0942 Vedanta Aluminium Ltd (a group company of Vedanta Resources Plc) April 2007 – December 2008 1 year 9 months. US$ 3 bln) CFO JSC ArcelorMittal Temirtau. A marwari from Patna, Agarwal came down to Mumbai as a scrap dealer in 1976 and went on to build an empire in copper, zinc, aluminum and iron ore. He is also part of Vedanta’s Group Executive Committee. Aluminium. Vedanta Limited - Aluminium & Power, Jharsuguda. As a Chartered Accountant, Arun has over 21 years of experience at global companies such as Hindustan Unilever India and General Electric. He has been associated with Talwandi Sabo Power Limited, a wholly owned subsidiary of Vedanta Limited, as Chief Operating Officer of the Company since August 2016 and as a manager with effect from 25th April 2017. Governance and Sustainable Development are at the core of Vedanta's strategy, with a strong focus on health, safety and environment and on enhancing the lives of local communities. New Delhi, March 5, 2019: Vedanta Limited today announced the appointment of Mr. Ajay Kapur as the Chief Executive Officer of its Aluminium and Power business and member of Group’s Executive Committee. Vedanta produces 2.3 million tonnes of aluminium per annum, generates 8 giga watts of power and operates 2 MTPA of alumina refinery. Vedanta is a leading producer of Oil & Gas, Zinc, Lead, Silver, Copper, Iron Ore, Aluminium, Steel and Commercial Power. MUMBAI: Vedanta arm Cairn Oil & Gas has appointed Ajay Dixit as its chief executive officer, the conglomerate said in a statement on Tuesday. PTI; March 05, 2019, 18:56 IST Mining giant Vedanta Tuesday said it has appointed Ajay Kapur as the chief executive officer of its aluminium and power business.Kapur joins Vedanta from Ambuja Cements, where he was the managing director and CEO for its India business. One of the largest single location plant in the world with capacity of 1.75 Million ton of Aluminium and 3615 MW Power plant (Turnover of approx. He puts a strong focus on sustainable development and under his leadership, Ambuja Cement was recognized for its sustainability initiatives and won several accolades from apex bodies. Vedanta’s sustained efforts towards attaining highest standards of corporate governance have been recognized most recently in the India Disclosure Index 2018 compiled by FTI Consulting that analyses the disclosure practices of the top 100 publicly listed corporations. Vedanta Limited - Aluminium & Power, Jharsuguda. Vedanta produces 2.3 million tonnes of aluminium per annum, generates 8 giga watts of power, and operates 2 MTPA of alumina refinery. var addy_text6629a6786dd082848af85d619069828b = 'adfactorsvedanta' + '@' + 'adfactorspr' + '.' + 'com';document.getElementById('cloak6629a6786dd082848af85d619069828b').innerHTML += ''+addy_text6629a6786dd082848af85d619069828b+'<\/a>'; DLF Atria, Gulmohur Marg, DLF Phase 2, Sector 25, GurugramHaryana 122002, India. Vedanta produces 2.3 million tonne of aluminium per annum, generates eight GW of power and operates two million tonne per annum alumina refinery Vedanta … Vedanta Aluminium Limited (VAL) has acquired a 24.5% stake in L & T subsidiary Raykal Aluminium. CFO Vedanta Aluminium Jharsuguda. Importantly, Ajay always puts a strong focus on safety and sustainable development and he will further sharpen focus on this crucial aspect at our aluminium business.". Vedanta Limited is the Indian subsidiary of Vedanta Resources Plc, a London-listed company. CFO Bharat Aluminium || Ex-CFO Talwandi Power || ET Great Manager Award 2020 II Star of Business || CA AIR 7th Mumbai. Ajay will drive key priorities for the Aluminium business which include strong focus on HSE, volume and cost, organization and talent management and improving efficiencies. The company is conferred with the Confederation of Indian Industry (CII) 'Sustainable Plus Platinum label', ranking among the top 10 most sustainable companies in India. As a producer of 25 per cent of domestic oil and the largest producer of aluminium in India, Vedanta helps the nation to be self-reliant, says the CEO of CAIRN Ajay Kumar Dixit. © 2021 Vedanta Resources Limited. It’s TTM based EPS is healthy at Rs 24.89 and P/E ratio at 7.03x.Its 5 yearly ROE and ROCE are also promising. We do not undertake to update our forward-looking statements. Suman Peswani. He is also a part of Vedantas Group Executive Committee. Kapur comes with a rich experience of over 31 years in the core sectors. In 2014, he moved into his current role as Executive Vice President Finance & Deputy CFO, responsible for enhancing the capability of the finance function in the areas of accounting, risk management, driving value creation, strategic planning, re-financing, board reporting and governance and direct taxation. Vedanta Aluminium produces ingots, billets & wire rods that are sold in the markets around the world. Mathur’s exit is crucial as he would be the fourth CEO moving out of the company since Vedanta completed acquisition of the company in late 2011. Cairn India chief executive Sudhir Mathur has resigned from the company, the fourth CEO to quit the firm since it was taken over by mining billionaire Anil Agarwal-led Vedanta Group seven years back. Vedanta Limited, a subsidiary of Vedanta Resources Limited, is one of the world’s leading diversified natural resource companies with business operations in India, South Africa, Namibia and Australia. 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