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Vedanta Resources (VED)

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Wednesday 05 May, 2004

Vedanta Resources

Subsidiary's Q3 Results

Vedanta Resources PLC
05 May 2004

5th May 2004

                        Vedanta Resources plc ('Vedanta')
                        Subsidiary's 3rd Quarter Results

The Madras Aluminium Company Limited ('MALCO'), an 80% owned subsidiary of
Vedanta has announced its unaudited third-quarter results for the nine-month
period ended 31 March 2004. In the last financial year Malco represented less
than 10% of Vedanta's EBITDA. The results, which are available on Vedanta's
website, www.vedantaresources.com, are in Indian rupees and have been compiled
under Indian GAAP.

                                    - Ends -

For further information, please contact:

John Smelt, Head of Investor Relations
Vedanta Resources plc                             Tel: +44 7879 642 675

James Murgatroyd
Faeth Birch
Robin Walker
Finsbury                                          Tel: +44 20 7251 3801

Notes to Editors:

Vedanta is a diversified metals and mining group with zinc, copper and aluminium
operations in India and two copper mines in Australia.

Vedanta holds its interests in these operations through two subsidiaries,
Sterlite and the Madras Aluminium Company ('Malco'). Sterlite is Vedanta's
principal subsidiary company and is currently listed on the Bombay Stock
Exchange. Vedanta's copper operations are owned and operated by Sterlite and it
also holds majority stakes in the group's zinc business, Hindustan Zinc Ltd
('HZL'), and the Bharat Aluminium Company ('Balco'), the group's principal
aluminium business.

Malco, which is 80% owned by Vedanta, operates an integrated aluminium complex
at Mettur Dam in the State of Tamil Nadu and two bauxite mining complexes
nearby.



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