Sesa’s aim is to be a leading global low-cost producer of iron ore, with an impeccable track record of operational safety, while maximising shareholder value. With this driving commitment, teams at Sesa are working towards achieving excellence through a systematic approach to exploration and mining, continuously seeking innovation in operations and technological up-gradation of its processes.
Sesa’s primary business is iron ore. It is engaged in exploration, mining and processing of iron ore, with domestic mining operations carried out in the states of Goa and Karnataka in India. In FY 2012, it has extended its operations to Liberia in Western Africa, in line with its above aim to deliver greater stakeholder value by scaling up operations through organic / inorganic growth. The acquisition and development of Western Cluster Limited will unlock significant benefits for all its stakeholders, including shareholders, employees and, importantly, the communities in which it opereates.
The Company has diversified operations into manufacturing of metallurgical coke and pig iron, operated as independent businesses of Met Coke Division (MCD) and Pig Iron Division (PID) respectively. It embarked on a capacity expansion programme during 2010-11 in both these businesses; the completion of this new pig iron facilities will make Sesa the largest producer of low phosphorus pig iron in India with an installed capacity of 0.625 mtpa. Charts 3 and 4 depict the share of each of these operating businesses in Sesa’s consolidated external revenues and consolidated profits (profit before tax, interest, dividend and nonallocable items) respectively.