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Sterlite Industries: Update on Special Leave Petition in Supreme Court on Tuticorin Smelter

2010-12-14 04:57 ET - News Release


TUTICORIN, India -- (Business Wire)

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 Special Leave Petition filed in the Honourable Supreme Court of India against the Madras High Court Order wherein Interim Stay was granted vide Order dated October 1, 2010 was heard on 13 December 2010 and the matter has been adjourned to the last week of January 2011 and the stay has been extended accordingly.

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.

Contacts:

Sterlite Industries (India) Limited
Ashwin Bajaj, +91 22 6646 1531
Vice President – Investor Relations
sterlite.ir@vedanta.co.in
Sheetal Khanduja, +91 22 6646 1531
AGM – Investor Relations
sterlite.ir@vedanta.co.in

Source: Sterlite Industries

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