Mumbai: 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.
-By Odisha Age