- Sterlite Industries
Sterlite Industries India Ltd. ( [http://finance.yahoo.com/q?s=SLT SLT] ) is a
subsidiary ofVedanta Resources plc, a diversified and integrated metals andmining group.Overview
The company engages primarily in the production of
copper in India. Its products include copper cathodes; and cast copper rods, including 11 mm and 12 mm rods used in the transformer industry, and 8 mm rods used by the wires and cables industry with applications in housing wires, electrical cables, and telecom cables. The company also engages in the mining ofbauxite , and the production ofaluminum conductors and various aluminum products, as well as in the mining ofzinc ore, and in the manufacture of zinc ingots and lead ingots. In addition, Sterlite Industries produces various chemical products, such as sulfuric acids, phosphoric acids, phospho gypsum, hydro fluo silicic acids, and granulated slag. Further, the company involves in trading gold, as well as in paper business. It markets its copper products directly to original equipment manufacturers and traders. The company is based in Mumbai, India. [ [http://finance.yahoo.com/q/pr?s=SLT Yahoo!Finance] ] The company’s 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 is entering into the commercial power generation business by setting up a large scale 2,400 MW coal based independent thermal power plant in Jharsuguda, Orissa and awind energy project at Karnataka, Gujarat and Maharashtra, totaling 110.4 MW. Post completion of these projects, the company will have a total wind power capacity of 148.8 MW. [ [http://www.secinfo.com/d12Um2.u18p.d.htm Results for the First Quarter Ended 30 June 2007 = Q1/2008] ] .Public company
Sterlite Industries is a
public company traded under the ticker [http://finance.yahoo.com/q?s=SLT SLT] at theNYSE in the form of ADS (American Depositary Share s) since 2007.150,000,000 ADS at US$ 13.44 per share have been issued and registered on November 15, 2006, representing one underlying equity share per ADS. The [http://www.sec.gov/Archives/edgar/data/1370431/000114554906001619/u92827fv1.htm registration statement] contains financial data for fiscal years ended
March 31 2004 toMarch 31 2006 .Recent events
Sterlite withdraws its restructuring plan [ [http://www.iirgroup.com/researchoracle/show/issue/783 Free research reports on Sterlite] ]
As of
December 31 2007 the following earnings reports have been filed with the SEC:
* [http://www.sec.gov/Archives/edgar/data/1370431/000114554907001302/u93074e6vk.htm 2007-07-26 Q1/2008 ended June 30, 3007]
* [http://www.sec.gov/Archives/edgar/data/1370431/000114554907001828/u93126e6vk.htm 2007-10-30 Q2/2008 ended September 30, 2007]
* [http://www.sec.gov/Archives/edgar/data/1370431/000114554907002004/u93137e6vk.htm 2007-11-14 H1/2008 ended September 30, 2006 and 2007]Results on Indian income statements are generally expressed in
crore (1 crore = 10 million rupees = USD 254,400 with USD 1.00 = INR 39.31000 onJanuary 5 2008 ).References
External Links
* [http://www.sterlite.com Company Website]
* [http://www.iirgroup.com/researchoracle/show/issue/784 IIR Research on Sterlite]
Wikimedia Foundation. 2010.
