OREANDA-NEWS. Sesa Goa Limited („Sesa Goa') today announced that the merger of Sterlite Energy Limited („SEL') with Sesa Goa and the demerger of the Aluminium Business Undertaking of Vedanta Aluminium Limited („VAL') into Sesa Goa pursuant to the Scheme of Amalgamation and Arrangement have become effective.

Company's wholly owned subsidiary, Bloom Fountain Limited, would acquire 38.68% stake in Cairn India Limited together with the associated debt, effective 26th August 2013.

Further, the Company has also approved the acquisition of 1,215 MW thermal power plants situated at Jharsuguda and 90 MW co-generation facility at Lanjigarh, from its wholly owned subsidiary, VAL, on a going concern basis.

The above transactions would complete the Vedanta Group's consolidation and simplification as announced on 25th February, 2012.

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.