Information  X 
Enter a valid email address

Vedanta Resources (VED)

  Print      Mail a friend       Annual reports

Wednesday 07 November, 2007

Vedanta Resources

Re: Sterlite Industries

Vedanta Resources PLC
07 November 2007

                            Re: Sterlite Industries

Vedanta Resources plc announces that its majority-owned Indian subsidiary,
Sterlite Industries (India) Limited made the following corporate announcement
earlier today.

                             CORPORATE ANNOUNCEMENT

'Sterlite Industries (India) Limited (the 'Company') announces that it intends
to participate in projects relating to the generation of coal based thermal
power and other ancillary activities. The Company currently intends to develop
these projects through its subsidiary Sterlite Energy Limited ('Sterlite
Energy'). These power projects are expected to include ultra mega power projects
or other projects announced by the Government of India or any State Government
and/or corporation and other projects independently developed by Sterlite Energy
aggregating to an installed capacity of up to 10,000 MW. Sterlite Energy is
considering financing options for these projects, including the issuance of
equity and the incurrence of debt. A majority of these projects, if approved or
awarded, are expected to be commissioned over the next five years.'

                                 End of Release

For further information, please contact:

Sumanth Cidambi                         
Associate Director - Investor Relations           Tel: +44 20 7659 4732/ 
Vedanta Resources plc                                  +91 22 6646 1531

Robin Walker                                      Tel: +44 20 7251 3801
Alex Pettifer

About Vedanta Resources plc
Vedanta Resources plc is a London listed 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

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

                      This information is provided by RNS
            The company news service from the London Stock Exchange