Vedanta Resources is a mode of expanded its business outside metals, as currently the company is in talks to acquire a stake in the Indian unit of Cairn Energy.

Cairn India is a $13.8 billion company in which the parent company controls around 62% stake. The metal major- Vedanta group is released a statement in 2008 in which the company mentioned that it will spend $20 billion in India on mines and power plants over four years. And this move by the company is considered in the same spirit.

The company also aims to increase its power capacity as it has to face the tough competition from rivals like Reliance Energy Ventures and NTPC.

Vedanta industries whose net income almost tripled to $602.3 million in the last financial year, is supposedly the first Indian company to list its shares on the London Stock Exchange. The company also employs 30,000 people.

As per a report, Cairn India cloaked a quarterly profit rise of 2.81 billion rupees from 454 million rupees from last year. The company's working interest production climbed up to about 45,000 barrels of oil. It also has interests in 10 blocks in India, plus one in Sri Lanka.