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Vedanta Resources (VED)

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Monday 21 August, 2006

Vedanta Resources

Sale of PTL Division

Vedanta Resources PLC
21 August 2006


                                                                  21 August 2006


                    Vedanta Resources plc Announces Sale of
            Power Transmission Line Division by Sterlite Industries


Vedanta Resources plc today announced that its subsidiary, Sterlite Industries
India Limited ('Sterlite') has approved the sale of its Power Transmission Line
('PTL') division to Sterlite Optical Technologies Limited ('SOTL'). PTL
manufactures power conductors and is based in Silvassa (Dadra & Nagar Haveli)
and Karanjwane, Pune. SOTL will assume all assets and associated liabilities of
the PTL division for a net consideration of $31.9 million. With the divestment
of this non-core business, Sterlite will continue to focus on being a primary
metal producer.


An independent committee of the Board of Directors of Sterlite considered the
valuation report of an independent valuer, Ernst and Young and recommended this
transaction to Sterlite's Board. The sale is conditional on the approval of both
Sterlite and SOTL's shareholders.


For further information, please contact:
Sumanth Cidambi                             sumanth.cidambi@vedanta.co.in
Associate Director - Investor Relations     Tel: +44 20 7659 4732 / +91 22 6646 1531
Vedanta Resources plc

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


About Vedanta Resources plc

Vedanta Resources plc is a London listed FTSE 100 diversified metals and mining
group. Its principal operations are located throughout India, with further
operations in Zambia and Australia. The major metals produced are aluminium,
copper, zinc and lead. For further information, please visit
www.vedantaresources.com.


Disclaimer

This press release contains 'forward-looking statements' - that is, statements
related to future, not past, events. In this context, forward-looking statements
often address our expected future business and financial performance, and often
contain words such as 'expects,' 'anticipates,' 'intends,' 'plans,' 'believes,'
'seeks,' 'should' or 'will.' Forward-looking statements by their nature address
matters that are, to different degrees, uncertain. For us, uncertainties arise
from the behaviour of financial and metals markets including the London Metal
Exchange, fluctuations in interest and or exchange rates and metal prices; from
future integration of acquired businesses; and from numerous other matters of
national, regional and global scale, including those of a political, economic,
business, competitive or regulatory nature. These uncertainties may cause our
actual future results to be materially different that those expressed in our
forward-looking statements. We do not undertake to update our forward-looking
statements.




                      This information is provided by RNS
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