Mr. Anil Agarwal, Chairman, Vedanta Group, awarded 'Lifetime Achievement Award' by Mining Journal, UK
Vedanta group is the first Indian group that has obtained a primary listing on the London Stock Exchange, in 2003, and within a short period of time moved into the select band of FTSE 100 Metals & Mining Majors, signifying the well crafted and visionary approach of Mr. Anil Agarwal. In no time, Vedanta Group's market capitalization increased from USD 1.9 Billion to USD 11 Billion.Tweet
-- Mining Journal, one of the most reputed international weekly magazine presented "Lifetime Achievement Award - 2009" to Mr. Anil Agarwal, the Chairman of Vedanta Group in a black-tie dinner in London on Wednesday, 2nd December. the Mining Journal announced their Outstanding Achievement Awards for 2009. Mr. Anil Agarwal was given this award for his contribution in the mining industry. The event was compared by John Humphrys, one of Britain's best known broadcasters. While describing Mr. Anil Agarwal as a 'visionary entrepreneur' and the founder of one of the most prominent, and fastest growing, metals and mining groups in the world, the Mining Journal described his business approach as 'to visualize and then to allow his team to deliver'. The Mining Journal emphasized that Mr. Anil Agarwal greatest strength is his patience.
Vedanta group is the first Indian group that has obtained a primary listing on the London Stock Exchange, in 2003, and within a short period of time moved into the select band of FTSE 100 Metals & Mining Majors, signifying the well crafted and visionary approach of Mr. Anil Agarwal. In no time, Vedanta Group's market capitalization increased from USD 1.9 Billion to USD 11 Billion.
Mr. Anil Agarwal's story is a true tale of passion and determination. It is a story of a humble beginner - a metal trader - who is today, one of the most prominent and successful metals entrepreneur. The experience of taking over the first privatized company in India, Bharat Aluminium and later Hindustan Zinc, and turning them into world class assets, prompted him more recently to take over Sesa Goa and enter into the iron ore business; a move that surprised most in the world. Vedanta group is today on course to become the largest producer of zinc, 2nd largest producer of copper and 4th largest producer of aluminium in the world. Vedanta is already the largest private sector iron ore exporter in India. Assessing the need to contribute and supplement power requirement in India, Mr. Anil Agarwal decided to enter into commercial power production. The group is now aiming to produce 11,000 MW of power in a couple of years, and also be one of the largest power producers in India.
Ask him about his approach, and he promptly replies, "I only visualize, it is my team that executes to perfection".
Mr. Agarwal's passion for inclusive growth has resulted in extensive benefits to the people in India and Zambia. His philosophy has been 'whatever you have earned a portion of it should go back to the society'.
Some call him 'Metal King' and some call him a 'billionaire philanthropist', but at Vedanta he is known as a man with a golden heart who is determined that group benefits the people living in the vicinity of business operations. Vedanta today touches the lives of over 2.5 million people living in over 425 villages in India, through corporate social responsibility, an initiative driven directly by Mr. Anil Agarwal. Nutrition and Mid-day meal for children, computer education to under-privileged, agriculture development and multi-cropping, infrastructure development in rural India, livelihood programmes and women empowerment through creation of self-help groups in villages, are bringing significant upliftment in the lives of rural poor. Mr. Anil Agarwal is determined to bring 2.5 million under-privileged children under the umbrella of education and nutrition within 3 years in India.
By pledging USD 1 billion from his personal wealth, for the most coveted USD 3 billion Vedanta University, - a state-of-the-art research and development centre in India, for about 100,000 students, Mr. Anil Agarwal aims to build this educational institution at par with world 's most reputed institutes like Harvard and Stanford. It is a testimony of his passion for contributing in the education sector in India.
Mr. Anil Agarwal is clear, he says, 'India has abundant natural resources like coal, iron ore, bauxite and precious / semi precious metals, at par with countries like Australia, Canada, South Africa and Brazil, and can contribute significantly to India's GDP and become an alternative revenue source for the infrastructure development'. India is one of the most preferred investment destinations in the world today, all the more so because of the robust Indian economy and regulatory system that has proven time and again.
He has a simple statement - ' Nothing is big till you know you can do it.. Toughness is a phrase, that exists in books - practically you only have to know.. You CAN do it..'
Notes to Editor
This is the award the Chairman, Vedanta Group, Mr. Anil Agarwal has received for his contribution in the mining and metal industry.