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Vedanta, which owns copper, aluminum, iron ore, oil and steel businesses, has been facing environmental pressure on its operations. He said yesterdays announcement was an intention to make an offer.Vedanta Resources listed on London in December 2003, raising just over 500 million pounds from a sale of shares at 390 pence.4 per cent of Konkona Copper Mines in Zambia, Africa. This transaction is a logical next step in that process.65 per cent of Vedanta at 825 pence per share.While its Tuticorin plant has been shut down, Vedantas iron ore business too has been hit by the Supreme Court, ordering a suspension of mining in Goa, where most of its iron ore mines are located."The rationale for the move is two-fold.Agarwal, who launched a USD 1 billion offer to buy the 33.The move to delist Vedanta came weeks after killing of 13 protesters in police firing at the firms copper smelter plant in Tamil Nadu last month that led to political opposition to the company in the UK and drop in its share price.

There were demands from some quarters that the firm be delisted from London Stock Exchange."Asked how the share purchase will be funded, he said Volcan has the financing for the offer lined up and will announce details before the formal offer Both are listed in India, and Vedanta Ltd also has an ADR listing on the New York Stock Exchange," he said. It also owns 79.Vedanta Resources owns 50."Two, increasing maturity of Indian markets. We have been simplifying for years, through the merger of the Indian companies to create Vedanta Limited, and then the merger of Cairn India into Vedanta Limited.65 per cent stake of Vedanta that his family trust does not own, while on a cruise with family in the Mediterranean, said the liquidity of Indian markets now means that the need for a separate London listing is no longer critical.The companys mines in Karnataka, however, continue to operate. It recently entered the steel business by acquiring bankrupt Indian firm Electrosteel.Asked if the decision was linked to the turn of events at Tuticorin, Agarwal said: "No link at all. Agarwal said there will be no material impact of delisting on the businesses.1 per cent of Vedanta Ltd and has near 65 per cent holding in Hindustan Zinc.New Delhi: Mining mogul Anil Agarwal on Monday said his plan to delist his flagship Vedanta Resources Plc from London Stock Exchange and take it private is no way linked to the Tuticorin incident and is merely an exercise to simplify a sprawling business empire. Agarwal said there is no China Alu/PET Factory plan "at this stage" to further consolidate the subsidiaries under one umbrella. If his offer goes through, Agarwal will be left with just two Mumbai-listed companies -- Vedanta Ltd, that produces everything from oil and gas to copper, and Hindustan Zinc Ltd."

Post delisting, there will be two listed entities: Vedanta Ltd and HZL. The liquidity of Indian markets now means that the need for a separate London listing is no longer critical," he told PTI. Protesters at Tuticorin were demanding the closure of Vedantas copper smelter when they were fired upon by the police.Volcan, a holding company owned by a trust controlled by Agarwal, yesterday announced an intention to make a USD 1 billion offer to buy the 33."It is expected that an offer will be made in 28 days. That offer will be open for a certain period of time governed by UK rules (3-6 weeks), following which the process will be completed. This is driven by the desire to simplify the corporate structure". One, corporate simplification.

". A similar incident happened during the launch of NASA’s Glory scientific satellite two years later in 2011. These fairings protect the expensive payload from excessive pressure and heat during the launch.The entire investigative summary can be read here.When the information as passed on to NASA, the organization further discovered over 4,100 SPI documents that were falsified between 1996 and 2015. The reason — a fraudulent company supplied faulty parts to NASA for the rockets. Oregon-based Sapa Profiles, Inc."Due in large part to the hard work and dedication of many highly motivated people in the NASA Launch Services program, we are able to close out the cause of two extremely disappointing launch vehicle failures and protect the government aerospace supply chain," Amanda Mitskevich, LSP program manager at NASA’s Kennedy Space Center, said in a statement, reported Motherboard. They also provided false test results to hundreds of other customers around the country just in order to increase profits and get production-based bonuses.

Dennis Balius, the SPI testing lab supervisor who led the entire scheme, pleaded guilty and has been sentenced to three years in prison. The joints that hold these fairings are supposed to fracture during the launch so that the fairings can separate and the payload be released into orbit.NASA suffered more than $700 million in losses due to rocket failures between 2009 and 2011. The company also supplied material to the Department of Defense and a few other entities, and has not got to pay up a $46 million fine to NASA and some more to Wholesale Fusible laminated tape other departments as compensation. Test results revealed that the aluminium parts failed to meet the tensile strength requirements, but SPI had altered the documents that appeared to pass the certifications. (SPI) was a manufacturer of aluminium parts for the NASA rockets and the company pleaded guilty of supplying faulty parts to NASA for around two decades. Since the fairings did not separate, the vehicle lost velocity and fell back to earth.A report by Motherboard states that ‘for nearly two decades, SPI and its employees covered up substandard manufacturing processes by brazenly falsifying test results’. SPI supplied aluminium joints for the rocket which connects the two halves of the fairing, a conical structure on the top of the rocket. "

It has taken a long time to get here, involving years of investigation and testing, but as of today, it has been worth every minute, and I am extremely pleased with the entire team’s efforts.Taurus XL rocket (later rebranded the Minotaur-C), a NASA rocket that was to put up satellites into orbit, contained the faulty parts from SPI. The combined losses of the two incidents amounted to more than $700 million. ‘Independent testing of the parts by LSP revealed that SPI had falsified certifications and test results about its product,’ reported Motherboard.During the investigation of the Taurus XL rocket disasters, the team zeroed in on the aluminum joints’ malfunction.The 2009 Taurus XL rocket was carrying NASA’s Orbiting Carbon Observatory (OCO) failed because the joints did not fracture and the payload was not released.