MUMBAI, July 20, 2017 /PRNewswire/ -- Vedanta Limited has
been recognized as an 'Honored Company' for its Investor Relations
program by Institutional Investor magazine in its 2017 All-Asia
(ex-Japan) Executive Team
rankings. This accolade is awarded only to 4.7% of the total 2,510
companies covered. Vedanta also ranks among the top 3 companies in
the Basic Materials sector.
"We are indeed humbled by this recognition from our global
investors and analysts. Our teams deserve the credit of Vedanta's
leading rank, a testimony of our world-class management and
transparent disclosures. We remain committed to strive for
excellence, and create even higher benchmarks in the global natural
resources sector," said Mr. Tom
Albanese, CEO, Vedanta.
The company has been recognized for the 'Best Investor
Relations' (nominated by the sell-side), in the Basic Materials
industry. Mr. Tom Albanese, CEO,
Vedanta Limited, has been ranked as the 'Best CEO' (nominated by
the sell-side), while Mr. Ashwin
Bajaj, Director-Investor Relations, Vedanta Limited, won the
second place in the 'Best Investor Relations Professional' category
(nominated by the sell-side) in the industry in Asia (ex-Japan).
Vedanta has a market capitalisation of about US$15 billion and is a part of India's premier index, the Nifty 50. Vedanta
is also among the top contributors to the country's exchequer at
nearly Rs. 40,000 crores in FY
2017.
The company declared record dividends of Rs. 7,100 crores last year, amounting to about Rs.
19.50 per share. Its subsidiary Hindustan Zinc too announced record
dividends of Rs. 27,157 crore during
the period.
About Institutional Investor Awards:
Institutional Investor is a leading business to business
publisher, focused primarily on international finance. For over 30
years, Institutional Investor has recognized people and firms in
the financial services industry for excellence.
'Honored Companies' earned at least one overall top 3 combined
Buy-side and Sell-side for Best CEO, Best, CFO, Best Investment
Relations Professional, or Best IR Program.
Voters rank the top-four companies that they believe demonstrate
excellence in each of the IR characteristics or performance
attributes. Their votes are then weighted by the rank they have
assigned each company and aggregated to produce buy-side, sell-side
and combined buy- and sell-side rankings for each sector.
The Award process has voters rank IR programs, evaluating them
on attributes of accessibility of senior executives, constructive
conference calls/meetings, quality corporate documents and investor
kits, timely and appropriate financial disclosure and quick and
thorough responses to requests.
In 2017, global Buy-side participation in the survey tripled to
3,074 compared to 1,007 in 2016, while Sell-side participation rose
sharply to 868, up from 611 in 2016. This resulted in deep and
detailed data to support the results, and a record number of
companies nominated: 2,510 companies across 18 sectors, compared to
1,541 companies last year.
Respondents from the buy side are associated with institutions
that collectively manage US$1.5
trillion in Asia equities
excluding Japan.
For further information, please contact:
Communications
Zarin Amrolia
Manager, Group
Communications
Tel: +91-22-6646-1000
gc@vedanta.co.in
Investor Relations
Ashwin Bajaj
Director –
Investor Relations
Tel: +91-22-6646-1531
vedantaltd.ir@vedanta.co.in
Aarti Raghavan
VP – Investor Relations
Vishesh
Pachnanda
Manager – Investor Relations
Sneha Tulsyan
Associate
Manager – Investor Relations
About Vedanta Limited
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.
The company has a presence across India, South
Africa, Namibia,
Australia and Ireland.
Vedanta Limited is the Indian subsidiary of Vedanta Resources
Plc, a London-listed company.
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. 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. To
access the Vedanta Sustainable Development Report 2016, please
visit
http://sustainabledevelopment.vedantaresources.com/content/dam/vedanta/corporate/documents/Otherdocuments/SDreport2015-16/Vedanta%20SDR%20FY%2015-16.pdf
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.
For more information please visit www.vedantalimited.com
Vedanta Limited
Vedanta, 75, Nehru Road,
Vile Parle (East), Mumbai - 400
099
www.vedantalimited.com
Registered Office:
Regd. Office: 1st Floor, 'C' wing,
Unit 103,
Corporate Avenue, Atul Projects,
Chakala, Andheri (East),
Mumbai – 400 093
CIN: L13209MH1965PLC291394
Disclaimer
This press release contains "forward-looking statements" – that
is, statements related to future, not past, events. 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." Forward–looking statements by their
nature address matters that are, to different degrees, uncertain.
For us, uncertainties arise from the behaviour of financial and
metals markets including the London Metal Exchange, fluctuations in
interest and or exchange rates and metal prices; from future
integration of acquired businesses; and from numerous other matters
of national, regional and global scale, including those of a
political, economic, business, competitive or regulatory nature.
These uncertainties may cause our actual future results to be
materially different that those expressed in our forward-looking
statements. We do not undertake to update our forward-looking
statements.