There is a conspiracy theory making rounds in the southern seaside town of Tuticorin, where metals company Sterlite Industries set up its copper smelter 13 years ago, after being driven out of Ratnagiri, Maharashtra, on environmental grounds. Some people claim that Sterlite lets out gallons of effluents into the sea, but not directly. They say it has linked up its drainage pipes to those of another well-known company in the area, which eventually pours the effluents into the sea.
The most incredible thing about Agarwal is that he prospers in conditions where others wither. Wherever a plant or a mine, universally declared unviable, came up for a sale at throwaway price, Agarwal would be there to buy. And months later, the plant would begin to thrive in his hands leaving industry peers incredulous. Illustration: Malay Karmakar
Another gap that Vedanta is trying to fill is corporate social responsibility (CSR). For long, CSR was largely neglected in the group. A former senior executive who worked at the group’s aluminium plant in Korba, Chhattisgarh, says, “In his talks, the chairman came across as a person who was interested in corporate social responsibility. But one wonders if others below him cared equally. Otherwise, how do you explain that the least performing executives were shunted to CSR positions?” Illustration: Malay Karmakar
(This story appears in the 30 April, 2010 issue of Forbes India. To visit our Archives, click here.)
I Like Anil Aggarwal's Mind...Brilliant hai BOSS....
on Apr 30, 2012In my words he is next Dhirubhai Ambani of India
on May 28, 2010Mr Anil Agarwal has classical business acumen, vision and above all ability to execute the plan for world class capacity in his business areas and by going through speed of his growth in the field of metal, energy and other areas. He is true Indian businessman in international arena, known as metal king across the globe in future.
on Apr 28, 2010To lose soul, you must first have soul.
on Apr 21, 2010A very good analysis of Anil Agrawal's dirty business. I don't think if he is willing to learn from any criticism. Anywhere he goes he gives the impression that he owns the world. But such writings must continue.
on Apr 20, 2010