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Vedanta Resources (VED)

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Monday 14 June, 2004

Vedanta Resources

Subsidiaries' Results

Vedanta Resources PLC
14 June 2004


Monday, 14 June 2004

                             Vedanta Resources plc

                 Indian listed subsidiaries' full year results

Vedanta Resources plc announces that its Indian listed subsidiaries, Sterlite
Industries (India) Limited ('Sterlite') and Hindustan Zinc Limited ('HZL') have
today released their fourth quarter and full year results in accordance with
Indian regulatory requirements. These results are audited and presented in
Indian GAAP and Rupees.

Vedanta's current effective ownership of Sterlite is 68.1% and 80% of MALCO.
Sterlite, itself, has a 64.9% interest in HZL, 51% in BALCO and 100% of the
Australian mines.

Peter Sydney-Smith, Group Finance Director
John Smelt, Head of Investor Relations
Vedanta Resources plc                               Tel:  +44 20 7629 6070

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


Sterlite Industries (India) Limited (Sterlite Group)

Consolidated Summary Data - Copper, Zinc and Aluminium (2)

                             Fourth Quarter (3)               Year ended
INR million                        31/03/04             31/03/04     31/03/03

Net Sales(1)                         16,215               57,149       43,892
Other income                            549                1,600        1,384
Operating costs                      14,026               46,154       35,960
Operating profit                      2,738               12,595        9,316
Interest paid                           328                1,445        1,806
Depreciation                            683                2,787        3,018
Profit before tax                     1,728                8,363        4,492

Notes

(1) Net of excise duties recovered

(2) Includes 64.9% interest in HZL, set out separately below. Does not include 
Malco Q3 results, which were announced on 10th May 2004

(3) No fourth quarter comparative available


Hindustan Zinc Limited (HZL)

                                 Fourth Quarter                Year ended
INR million                31/03/04        31/03/03      31/03/04    31/03/03

Net Sales (1)                 5,172           5,010        18,415      14,113
Other income                    363             237           944         760
Operating costs               2,150           4,338        10,678      11,809
Operating profit              3,385             909         8,681       3,064
Interest paid                     3               1             7           3
Depreciation                    190             280           718         767
Profit before tax             3,192             628         7,956       2,294

Notes

(1) Net of excise duties recovered



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