Mumbai: Vedanta
Group marked a defining milestone in Indian corporate history with the listing
of four newly demerged companies on the BSE (Bombay Stock Exchange) and NSE,
creating five focused businesses positioned to participate in India's next
phase of growth. The occasion was celebrated at a special ceremony at the
Bombay Stock Exchange, where industry leaders, investors and stakeholders
gathered to mark the beginning of a new chapter for one of India's most
significant natural resources groups.
Speaking at the listing
ceremony, the MD and CEO of BSE, Mr. Sundararaman Ramamurthy noted that the
milestone held special significance as it coincided with BSE's own Foundation
Day. The event symbolised not only the birth of four new listed companies but
also the beginning of a new chapter in India's capital markets journey. Drawing
parallels between Vedanta Chairman’s Anil Agarwal’s humble beginnings and Vedanta's
evolution and the ancient Indian legend of Samudra Manthan (the churning of the
ocean), Ramamurthy remarked that extraordinary achievements often emerge from
humble beginnings. Quoting the Sanskrit phrase, he said "Alpārambhaḥ kṣemakaraḥ" The
things that begin modestly often grow into something extraordinary over time.
What began as a small journey has today become something immense. Vedanta's
work has been to bring out the hidden wealth that lies beneath Mother Earth's
surface. Just as the churning revealed hidden treasures, Vedanta's journey over
the past several decades has been one of unlocking the immense wealth and
resources hidden beneath the surface of Mother Earth to support India's
development and self-reliance. From zinc, aluminium, copper and iron ore to
oil, gas and critical minerals, the Group has built some of the country's most
strategic natural resources businesses while contributing to industrial growth,
energy security and nation-building.”
Ramamurthy also highlighted
the resilience and determination that have defined the journey of Vedanta's
Founder and Chairman, Mr. Anil Agarwal. Referring to an ancient Sanskrit verse,
"Sudhām vinā na prayayuḥ virāmam, na niśchitārthād viramanti dhīrāḥ,"
he noted that the courageous never stop until they achieve their purpose.
During Samudra Manthan, even when deadly poison emerged from the ocean, the
Devas did not retreat in fear. Instead, they persevered until they attained the
ultimate objective of obtaining Amrit, the nectar of immortality. He said the
same spirit of perseverance has been evident in Vedanta's growth story, with
Mr. Agarwal remaining steadfast in his vision through periods of opportunity
and adversity alike, continuing to invest, grow and create value with an
unwavering belief in India's future.
Praising Mr. Agarwal's
leadership, Ramamurthy also spoke about the importance of humility in achieving
extraordinary success, Referring to the timeless principle that true greatness
is accompanied by humility, he remarked that despite his extraordinary
achievements, Mr. Agarwal continues to embody simplicity, grace and a deep
sense of purpose. He further acknowledged the significant social impact created
through the Anil Agarwal Foundation and initiatives such as Nand Ghar, which
has transformed more than 10,000 Anganwadi centres across India, contributing
to the development of children and women at scale.
Concluding his remarks, Shri
Ramamurthy said the landmark event represented the triumph of vision, courage
and perseverance over decades. focused businesses would go on to create.
Looking
beyond the listing itself, Shri Ramamurthy expressed optimism that Vedanta's
expanding ecosystem would foster the creation of thousands of enterprises in
the future, generating opportunities for entrepreneurship, employment and
future stock market listings.