Sesa Goa

Sesa Goa

Sesa Goa Limited (BSE: 500295) is multinational iron-ore producer and exporter with operations in the states of Goa and Karnataka in India and in Liberia, West Africa. It is India's largest producer and exporter of iron ore in the private sector, with production of above 21 million tonnes of iron ore in fiscal year 2010.

For more than five decades, it has been engaged in exploration, mining and processing of iron ore. The company was founded in 1954, as Scambi Economici SA Goa. Since then, it has grown to be one among the top low-cost producers of iron ore in the world. During 1991-1995, it diversified into the manufacture of pig iron and metallurgical coke. It has also developed indigenous and environment-friendly technology for producing high quality metallurgical coke.

In 2007, it became a majority-owned subsidiary of Vedanta Resources Plc, listed on the London Stock Exchange, when Vedanta acquired 51% controlling stake from Mitsui & Co., Ltd. In June 2009, Sesa Goa Limited acquired VS Dempo & Co. Private Limited (now Sesa Resources Limited) along with its fully owned subsidiary Dempo Mining Corporation (now Sesa Mining Corporation Limited) and 50% equity in Goa Maritime Private Limited. In 2011, Sesa acquired 51% stake in Western Cluster Limited, Liberia.

Sesa Goa Limited’s operations are located predominantly in Goa and Karnataka, with offices in various locations across India. Its head office in India in Panaji, Goa, while its Liberia office is in Monrovia and China office is in Shanghai.