Business Daily from THE HINDU group of publications
Friday, Oct 16, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Friday, Oct 16, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
|
|
|
|
|
Corporate
-
New Projects
Our Bureau Mumbai, Oct. 15 Sterlite Industries, a subsidiary of LSE (London Stock Exchange) listed Vedanta Resources plc, plans to invest Rs 2,300 crore in a 400 kilo tonnes per annum (ktpa) brownfield copper smelter expansion project at Tuticorin in Tamil Nadu. The proposal also includes a 160 MW (2x 80 MW) captive power plant. The project is expected to be commissioned by mid-2011. “Post expansion, the company will be one of the largest single location custom copper smelters in the world with a total smelting capacity of 800 ktpa. The new smelter will utilise the ISA Smelt technology currently used in the existing smelter at Tuticorin,” the company said in a statement on the BSE. The capital investment includes the cost of the smelter, refinery, the captive power facility and other associated facilities such as sulphuric acid plant and phosphoric acid plant. The project will be funded through a mix of debt and internal accruals. Sterlite Industries is one of the largest non-ferrous metals and mining company with interests and operations in aluminium, copper, zinc and lead and power. The company’s main operating subsidiaries are Hindustan Zinc for its zinc and lead; Copper Mines of Tasmania for its copper in Australia and Bharat Aluminium Company for aluminium operations. The company has entered the commercial energy generation business and is in the process of setting up a 2,400-MW independent power plant through its wholly-owned subsidiary, Sterlite Energy. More Stories on : New Projects | Metals | Sterlite Industries (India) Ltd
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2009, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|