FACTBOX-Vedanta unit investigated for fraud

Published: 29 Oct 2009 19:26:38 PST

Oct 29 - India's Sesa Goa, a $5 billion unit of London-listed Vedanta Resources, is being investigated by the Indian government for financial and other irregularities.

Sesa Goa said it believed the investigation originated from a complaint filed in 2003 by a shareholder of Sesa Industries. Vedanta bought a 51 percent stake in Sesa Goa in 2007 for nearly $1 billion from Japanese trading house Mitsui & Co.

Here are some facts about Vedanta:

* VEDANTA: (March 31, 2009)

-- A London listed diversified metal and mining company

Key Products - Aluminium, copper, zinc, lead, iron ore and commercial energy

Operations - India, Zambia and Australia

Employees - 30,000

Revenue - $6.6 billion

Revenue break-up by segment:

Aluminium - $937.1 million

Copper - $3.3 billion

Zinc & Lead - $1.2 billion

Iron ore - $1.07 billion

Investments - $3 billion in growth projects

Key Holdings:

Copper:

- Operated by Sterlite in India and KCM in Zambia

- Holds 59.9 percent of Sterlite and 79.4 percent of KCM

Zinc:

- Owned and operated by Hindustan Zinc Limited (HZL)

- Sterlite holds 64.9 percent in HZL

Aluminium:

- Owned and operated by BALCO, MALCO and Vedanta Aluminium

- Sterlite owns 51 percent of BALCO while Vedanta holds 80 percent of MALCO and 70.5 percent of Vedanta Aluminium

Iron Ore:

- Owned and operated by Sesa Goa

- Holds 51 percent of Sesa Goa

- Sesa Goa, is India's largest producer-exporter of iron ore in the private sector by volume in fiscal year 2007, according to the Federation of Indian Mineral Industries.

- 239.8 million tonnes of Reserves and Resources of ore.

- Produced 15.99 million tonnes (March 31, 2009)

Source: Reuters/Company reports