Dempo Group’s mining assets include processing plants, barges, jetties, transhippers and loading capacities at the region’s main port, Mormugoa. In the year ending March 2009, the company produced 3.9 million tons of iron ore in Goa.

Anil Agarwal, chairman of Vedanta, commented: “The integration of Sesa and Dempo Group’s Goa-based operations will achieve great synergies.”

Vedanta reported revenues of $6.6 billion in the year ending March 2009, with operating profits of $1.1 billion.