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Vedanta Resources (VED)

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Thursday 24 September, 2009

Vedanta Resources

Incident at the BALCO Constru

RNS Number : 5734Z
Vedanta Resources PLC
23 September 2009
 



 


Vedanta Resources plc

Incident at the BALCO Construction Site


Vedanta Resources plc's subsidiary Sterlite Industries India Limited ('Sterlite') announced an incident at the BALCO construction site. The full text of the release issued by Sterlite is given below.

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Sterlite Industries (India) Limited

Incident at the BALCO Construction Site


Sterlite Industries (India) Limited (Sterlite or the'company'), regrets to announce that power plant chimney under construction at BALCO, Korba collapsed todayThe chimney was being constructed by Gannon Dunkerley & Co. Ltd for the 1,200 MW CPP, associated with the 325 ktpa aluminium smelter project.


The relief and rescue operations are in full swing with the involvement of the company and the government resources. 


Activities in the particular area were temporarily suspended, while the existing operations remain unaffected.


A probable reason for the incident appears to be the excessive rains and lightning at Korba. The exact cause for this will however be ascertained only after a detailed investigation is concluded. 

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For further information, please contact:

Sumanth Cidambi

Director - Investor Relations

Vedanta Resources plc


sumanth.cidambi@vedanta.co.in

Tel:  +44 20 7659 4732 / +91 22 6646 1531


Faeth Birch

Robin Walker

Finsbury




Tel:  +44 20 7251 3801


About Vedanta Resources plc

Vedanta Resources plc ('Vedanta') is a London listed FTSE 100 diversified metals and mining major. The group produces aluminium, copper, zinc, lead, iron ore and commercial energy. Vedanta has operations in IndiaZambia and Australia and a strong organic growth pipeline of projects. With an empowered talent pool of 30,000 employees globally, Vedanta places strong emphasis on partnering with all its stakeholders based on the core values of entrepreneurship, excellence, trust, inclusiveness and growth. For more information 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
The company news service from the London Stock Exchange
 
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