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Vedanta Resources (VED)

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Wednesday 30 June, 2010

Vedanta Resources

Sterlite Announces Successful

RNS Number : 4942O
Vedanta Resources PLC
30 June 2010
 



            30 June 2010

 

Sterlite Announces Successful Boiler Light-up

Of First 600 MW Unit of its 2400MW Power Plant at Jharsuguda, Orissa

 

Vedanta Resources plc's subsidiary, Sterlite Industries (India) Limited ("Sterlite") today announced that its wholly - owned subsidiary Sterlite Energy Limited ("Sterlite Energy")  has successfully lighted the boiler for the first unit of 600 MW of its 2,400 MW Independent Power Plant at Jharsuguda, Orissa. The full text of the release issued by Sterlite is set out below.

 

___________________________________________________________________________________

 

Sterlite Announces Successful Boiler Light-up

Of First 600 MW Unit of its 2400MW Power Plant at Jharsuguda, Orissa

 

 

Mumbai, India: Sterlite Industries (India) Limited ("Sterlite") today announced that its wholly - owned subsidiary Sterlite Energy Limited has successfully lighted the boiler for the first unit of
600 MW (the "First Unit") of the 2,400 MW (600 MW *4) thermal Independent Power Plant in  Jharsuguda, Orissa.  Following the boiler light up, commercial operation is expected to commence in September 2010. This is the first 600 MW power unit in the private sector in India.

 

For further information, please contact:

 

Ashwin Bajaj

Vice President - Investor Relations

Sterlite Industries (India) Limited

 

sterliteinvestorrelations@vedanta.co.in

Tel:  +91 22 6646 1531

 

Sheetal Khanduja

AGM - Investor Relations

Sterlite Industries (India) Limited

sterliteinvestorrelations@vedanta.co.in

Tel: +91 22 6646 1531

 

About Sterlite Industries

Sterlite Industries is India's largest non-ferrous metals and mining company with interests and operations in aluminium, copper, zinc and lead and power. It is a subsidiary of Vedanta Resources plc, a London-based diversified FTSE 100 metals and mining group. Sterlite Industries' main operating subsidiaries are Hindustan Zinc Limited for its zinc and lead operations; Copper Mines of Tasmania Pty Limited for its copper operations in Australia; and Bharat Aluminium Company Limited for its aluminium operations. The company operates its own copper operations in India. The company has entered the commercial energy generation business and is in the process of setting up a 2,400MW independent power plant through its wholly owned subsidiary, Sterlite Energy Limited.  Sterlite Industries is listed on the Bombay Stock Exchange and National Stock Exchange in India and the New York Stock Exchange in the United States. For more information, please visit www.sterlite-industries.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.

 

For further information, please contact:

Ashwin Bajaj

Vice President - Investor Relations

Vedanta Resources plc

 

investorrelations@vedantaresources.com

+ 91 22 6646 1531

 

Gordon Simpson

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 India, Zambia and Australia and a strong organic growth pipeline of projects. With an empowered talent pool of 29,000 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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