EXPLANATORY NOTE This Amendment No. 1 to our annual report on Form 20-F for the fiscal year ended March 31, 2009, which was originally filed with the US Securities and Exchange Commission on July 10, 2009, is being filed solely for the purposes of: 1. Presenting the following capital expenditure amounts prepared under US GAAP which is the basis of accounting under which we prepared our financial statements included in the original Form 20-F. The prior amounts that appeared in the Form 20-F filed on July 10, 2009 were not prepared under US GAAP. Capital expenditure amounts included in the US GAAP capital expenditure amounts included Section Reference original Form 20-F in the Amendment No. 1 Item 4. Information on the Company — B. Business Overview — Our Business — Competitive Strengths — Experienced and entrepreneurial management team with outstanding track record Rs. 290,696 million ($5,714.5 million) Rs. 280,302 million ($5,510.2 million) Item 4. Information on the Company — B. Business Overview — Our Business — Our Copper Business — Principal Facilities — Fujairah $5.0 million $5.2 million Item 4. Information on the Company — B. Business Overview — Our Business — Our Aluminum Business — Projects and Developments Item 4. Information on the Company — B. Business Overview — Our Business — Vedanta Aluminium — Projects and Developments — Lanjigarh Alumina Refinery Item 4. Information on the Company — B. Business Overview — Our Business — Vedanta Aluminium — Projects and Developments — Lanjigarh Alumina Refinery Item 4. Information on the Company — B. Business Overview — Our Business — Vedanta Aluminium — Projects and Developments — Jharsuguda Aluminum Smelter — 500,000 tpa Aluminum Smelter Item 4. Information on the Company — B. Business Overview — Our Business — Vedanta Aluminium — Projects and Developments — Jharsuguda Aluminum Smelter — 1,250,000 tpa Aluminum Smelter Item 4. Information on the Company — B. Business Overview — Our Business — Our Commercial Power Generation Business — Our Plans for Commercial Power Generation — <strong>Sterlite</strong> Energy — Orissa Rs. 13,224 million ($260.0 million) Rs. 41,054 million ($807.0 million) Rs. 4,065 million ($79.9 million) Rs. 87,043 million ($1,711.1 million) Rs. 17,223 million ($338.6 million) Rs. 39,121 million ($769.0 million) Rs. 12,918 million ($253.9 million) Rs. 34,372 million ($675.7 million) Rs. 6,773 million ($133.1 million) Rs. 80,999 million ($1,592.3 million) Rs. 16,109 million ($316.7 million) Rs. 37,545 million ($738.1 million) Item 5. Operating and Financial Review and Prospects — Liquidity and Capital Resources — Capital Requirements Rs. 13,224 million ($260.0 million) Rs. 12,918 million ($253.9 million) 2. Revising the definition of “SRK” at “Item 4. Information on the Company — B. Business Overview — Our Business — Basis of Presentation of Ore Reserves” so that references to “SRK” are to SRK Consulting (UK) <strong>Ltd</strong> only and not to SRK (Australasia) Pty <strong>Ltd</strong>. 3. Revising the number of awards held by our directors and officers as a group under the Vedanta LTIP as set forth under “Item 6. Directors, Senior Management and Employees — B. Compensation — Outstanding Awards and Options” so that as of March 31, 2009, our directors and executive officers as a group held awards vested under the Vedanta LTIP to acquire an aggregate of 76,415 ordinary shares (instead of the previously reported 240,500 ordinary shares) of Vedanta representing approximately 0.03% (instead of the previously reported 0.1%) of Vedanta’s share capital. 4. Revising the liability for compensated absences as set forth under “Item 6. Directors, Senior Management and Employees — B. Compensation — Compensated Absence” so that the liability for compensated absence was Rs. 870 million ($17.1 million) in fiscal 2009 (instead of the previously reported Rs. 729 million ($14.3 million)). 5. Revising the number of Vedanta ordinary shares that our directors and officers are entitled to acquire pursuant to options vested under the Vedanta LTIP as set forth under “Item 6. Directors, Senior Management and Employees — B. Compensation — Vedanta Long- Term Incentive Plan” so that during fiscal 2009, options to acquire 76,415 Vedanta ordinary shares (instead of the previously reported 240,500 Vedanta ordinary shares) under the Vedanta LTIP vested to our directors and executive officers, and deleting the next sentence which states “Of these, options to acquire 150,400 and 90,100 Vedanta ordinary shares were granted on February 1, 2006 and November 15, 2007, respectively, with an exercise price of $0.10 per ordinary share.” This Amendment No. 1 has not been updated except as required to reflect the revisions stated above. This Amendment No. 1 only amends and restates the Items described below and does not reflect events that have occurred after the July 10, 2009 filing date of the original Form 20- F, or modify or update other disclosures presented therein. Items included in the original Form 20-F that are not included herein are not amended and remain in effect as of the date of the original filing. All references to Items that are included in the original Form 20-F but not included herein are to such Items as included in the original filing. This Amendment No. 1 amends and restates the following Items: • Part I — Item 4. Information on the Company — B. Business Overview. • Part I — Item 5. Operating and Financial Review and Prospects.
• Part I — Item 6. Directors, Senior Management and Employees — B. Compensation. • Part III — Item 19. Exhibits. While the above Items have been reproduced in full as required by Rule 12b-15 under the Securities Exchange Act of 1934, as amended, no changes have been made to such Items except to reflect the corrections stated above. In addition, this Amendment No. 1 includes currently dated certifications by the Chief Executive Officer and the Chief Financial Officer pursuant to 17 CFR 240. 15D-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, that are attached to this Amendment No. 1 as Exhibits 12.3 and 12.4, respectively. The translations of <strong>India</strong>n Rupee amounts to US dollars are solely for the convenience of the reader and are based on the noon buying rate of Rs. 50.87 per $1.00 in the City of New York for cable transfers of <strong>India</strong>n Rupees as certified for customs purposes by the Federal Reserve Bank of New York on March 31, 2009. No representation is made that the <strong>India</strong>n Rupee amounts represent US dollar amounts or have been, could have been or could be converted into US dollars at such rates or any other rates. 1
- Page 1 and 2: Yes Yes No No (Mark One) UNITED
- Page 3: TABLE OF CONTENTS PAGE ITEM 4. INFO
- Page 7 and 8: Refined Copper Consumption Global c
- Page 9 and 10: Indian Copper Market Background The
- Page 11 and 12: The following table sets forth the
- Page 13 and 14: Market Outlook Global Zinc Outlook
- Page 15 and 16: Notwithstanding the rise in aluminu
- Page 17 and 18: Market Outlook Global Aluminum Outl
- Page 19 and 20: Consumption Although electricity ge
- Page 21 and 22: Power Trading Power trading takes p
- Page 23 and 24: In addition, we are expanding our a
- Page 25 and 26: • India’s economic growth and p
- Page 27 and 28: We utilize project monitoring and a
- Page 29 and 30: Seeking further growth and acquisit
- Page 31 and 32: Our Production Process Our copper b
- Page 33 and 34: The following map shows the locatio
- Page 35 and 36: The principal deposits in the Mt. L
- Page 37 and 38: consists of a 400,000 tpa copper sm
- Page 39 and 40: Once processed at the Tuticorin fac
- Page 41 and 42: Lead-Zinc Mines HZL sources all of
- Page 43 and 44: Principal Facilities Overview The f
- Page 45 and 46: Mines Rampura Agucha The Rampura Ag
- Page 47 and 48: The gross book value of the Rajpura
- Page 49 and 50: Summary of Mine Reserves The follow
- Page 51 and 52: The following table sets out HZL’
- Page 53 and 54: Market Share and Competition HZL is
- Page 55 and 56:
Additional Supply of Alumina The ad
- Page 57 and 58:
Bauxite Mines Chhattisgarh Mines Th
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Fabrication Facility The fabricatio
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Other Raw Materials BALCO also uses
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1,250,000 tpa Aluminum Smelter Veda
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Sterlite Energy — Talwandi Sabo I
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Call Option Over Shares in BALCO On
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mineral development on the forest,
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Water (Prevention and Control of Po
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The employer is responsible for ded
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Our net sales and operating income
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• Power. Our commercial power gen
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Copper The net sales of our copper
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Year Ended March 31, 2007 2008 2009
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In addition, the Finance Act (2 of
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Power Business We expect our future
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Results of Operations Overview Cons
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• Pursuant to the approval of the
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Aluminum Net sales to external cust
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the selling and distribution expens
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• Aluminum production increased f
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We currently expect capital expendi
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Besides existing facilities, we had
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Energy is in the process of obtaini
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Contractual Obligations The followi
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SFAS No. 161, “Disclosures about
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ITEM 6. DIRECTORS, SENIOR MANAGEMEN
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ITEM 19. EXHIBITS The following exh
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4.15 Rs. 7,000 million Rupee Term F
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4.41 Rs. 10,000 million Loan Agreem
- Page 115 and 116:
Exhibit 12.3 Certification of Chief
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