Vedanta Resources Share Price (VED) - Buy VED Shares

Vedanta Resources PLC are a diversified mining company that operate out of three distinct locations – India, Zambia and Australia. The majority of their products are mined in India with the range of metals including copper, aluminium, iron ore, lead and Zinc. Two additional mining sites in Zambia and Australia produce copper exclusively. The company is a FTSE100 company in the field of metals and mining and presently they are the largest mining business in India based on revenue figures. The last few years have seen significant expansion plans come to fruition and the acquisition of the Sesa Goa Company in 2007 allowed Vedanta to branch out into the field of iron ore mining.

The company's revenue for 2006 was reported to be $3.7 billion whereas in 2008 it had grown to $8.2 billion – which gives an annual growth of just under 50%. Vedanta aim to take advantage of the growing industrial investments that are currently happening in India, China and throughout the Middle East which they expect will generate an ongoing demand for metals. With this in mind the company look set for continued growth over the coming years. Reports show that the annual dividend increased in 2007 and 2008 whilst the share price stayed steady - which also bodes well for the future of the company. Vedanta Resources PLC are continually looking for acquisitions or developments that will enable them to expand further and their expert knowledge regarding the mining and metals markets will help them to achieve both their short term and long term goals – so benefiting their shareholders.