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Vedanta Resources (VED)

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Friday 01 October, 2010

Vedanta Resources

Further update on Tuticorin S

RNS Number : 7203T
Vedanta Resources PLC
01 October 2010
 



       1 October 2010

 

Further update on Madras High Court Decision on Tuticorin Smelter.

Vedanta Resources plc's subsidiary, Sterlite Industries (India) Limited ("Sterlite")  today issued the following release.

___________________________________________________________________________________

Further update on Madras High Court Decision on Tuticorin Smelter

 

The Madras High Court passed an order on 28 September 2010, ordering the closure of the Tuticorin Smelter. Subsequently, the Company had filed a Special Leave Petition in the Honourable Supreme Court of India on September 29, 2010 against the Madras High Court order.

 

The same was heard today by the Honourable Supreme Court and the Honourable Supreme Court granted a Stay over the operation of the subject Madras High Court order dated 28 September 2010, until 18 October 2010, when the matter will be further heard.

 

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.

 



 For further information, please contact:

Ashwin Bajaj

VP - Investor Relations

Vedanta Resources plc

 

investorrelations@vedanta.co.in

Tel: +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 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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