Sesa Goa Limited Announces Outcome of Board Meeting
August 21 2013 - 1:25PM
Business Wire
Pursant to Listing Agreement, Sesa Goa Limited informs you that
the Board of Directors at their meeting held today has taken the
following decisions:
1. Appointed Mr. Anil Agarwal as
the Chairman of the Company with immediate effect. 2. Appointed Mr.
Navin Agarwal as Executive Vice Chairman with immediate effect. 3.
Appointed Mr. Mahendra Singh Mehta as Wholetime Director designated
as Chief Executive Officer with immediate effect. 4. Accepted
resignation of Mr. Amit Pradhan as Director and Wholetime Director
with effect from 18th August, 2013 5. Approved change in
designation of Mr. P.K. Mukherjee from Managing Director to
Executive Director – Iron Ore Business with immediate effect.
About Sesa
Sesa is India’s leading producer and exporter of iron ore in the
private sector with operations in the states of Goa and Karnataka
in India and a large integrated project site in Liberia, West
Africa. Founded in 1954, for about 6 decades, Sesa has been
involved in iron ore exploration, mining, beneficiation and
exports. Sesa is a part of Vedanta Resources plc, the London-listed
FTSE 100 diversified metals and mining major. Sesa also
manufactures pig iron and metallurgical coke, with a 0.56 mtpa
metallurgical coke plant and a 0.625 mtpa pig iron plant in Goa,
and associated two power plants of 30 MW each.
Disclaimer
This press release contains “forward-looking statements” – that
is, statements related to future, not past, events and may be
interpreted as ‘forward looking statements’ within the meaning of
applicable laws and regulations. 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. Actual results might
differ substantially or materially from those expressed or implied.
Important developments that could affect the company’s operations
include a downtrend in the steel, pig iron & met coke industry
– global or domestic or both, significant changes in political,
economic, business, competitive or regulatory environment in India
or key markets abroad and from numerous other matters of national,
regional & global scale including but not limited to natural
calamity, tax laws, litigations, Government policies &
regulations, fluctuations in interest and or exchange rates of
Indian Rupee, etc. Any forward-looking information in this press
release has been prepared on the basis of a number of assumptions,
which may prove to be incorrect. This press release should not be
relied upon as a recommendation or forecast by Sesa Goa Ltd. The
views expressed herein may contain information derived from
publicly available sources that have not been independently
verified; no representation or warranty is made as to the accuracy,
completeness or reliability of this information. We do not
undertake to update our forward-looking statements.
for Sesa Goa LimitedInvestor:Ashwin Bajaj, +91 22 6646
1531Senior Vice President– Investor
Relationssesa.ir@vedanta.co.inorMedia:Sanjeev Verma, +91 832 2460
600Associate Director - Corporate
Communicationssesa.corporatecommunications@vedanta.co.in
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