sterlite industries news
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Lanjigarh ban may spur Sterlite-Nalco alumina deal
Sterlite Industries is in talks with state-owned National Aluminium Company (Nalco) to source alumina for its Vedanta Aluminium plant. The flagship company of Vedanta Resources Plc is also looking at importing alumina in order to ramp up the capacity
Tags: India, Mumbai, Business Finance, National Aluminium Company, bauxite, Sterlite Industries, aluminium, Vedanta Resources, Goa, Sesa Goa
Sesa-Sterlite will generate $7-8 billion profits per year: Anil Agarwal
Businesses of Sesa Sterlite, the new entity announced by Vedanta Resources for its India operations, will generate annual surplus of USD 7-8 billion, Group Chairman Anil Agarwal has said. He said Sesa Sterlite, which will be created out of the merger
Tags: Sesa Sterlite, Anil Agarwal, Vedanta Resources, India, new delhi, Economy of India, Sterlite Industries, Business Finance, mining, Sesa Goa
Copper Prices to Reach Tipping Point?
Copper prices have rallied 12% since the start of the year, but is it set for a fall? Copper serves as a global indicator of economic health. "We trust copper because it's used in everything," explains Dow Jones Newswires reporter Tatyana Shumsky .
Tags: China, market cap, manufacturing data, Beijing, chemistry, new york stock exchange, Sterlite Industries, Business Finance, matter, Vedanta Resources
Vedanta offers Rs 16K cr for BZL, Balco
As per the prevailing market price, we have offered Rs 16,000 crore for buying stakes. That was in January," Chairman of the USD 70-billion metal and mining conglomerate Anil Agarwal said. He said the price Vedanta has quoted for buying residual
Tags: Vedanta, BALCO, cent stakes, HZL, India, Mumbai, Anil Agarwal, Sterlite Industries, Business Finance
Nifty's consolidated P/E makes Indian mkts cheaper
The Indian stock market, which has rallied 15% so far this year, is reasonably valued on a fundamental basis as reflected in a price-to-earnings (P/E) ratio that is lower than several other emerging markets. According to data compiled by the ET
Tags: net profits, consolidated net, India, Mumbai, Financial ratios, Sterlite Industries, Business Finance, P/E ratio, stock market, Fundamental analysis
Vedanta to merge India units and list in New York
London-listed mining giant Vedanta Resources plans to merge its India n subsidiaries to cut costs and list shares in the new entity on the New York Stock Exchange, the company said Saturday. Vedanta said it would merge Sterlite Industries Ltd. with
Tags: Vedanta Resources, Sesa Sterlite, India, Mumbai, Business Finance, mining, Anil Agarwal, Konkola Copper Mines, Sesa Goa, Sterlite Industries
Sesa Sterlite to be parent company for Anil Agarwal's India operations
In a mega restructuring of Anil Agarwal's Vedanta Group , Sterlite Industries to merge with Sesa Goa at a share swap of 5:3, the combined company will be re-named Sesa Sterlite, sources with direct knowledge said. Vedanta Resources to transfer it's
Tags: Sesa Sterlite, Cairn India, Vedanta Resources, India, Mumbai, Economy of India, Anil Agarwal, Sterlite Industries, Business Finance, mining
Markets end lower on F & O expiry day
B enchmark share indices ended lower, amid a volatile trading session on Thursday, following the expiry of February futures and options series. The markets traded in a narrow range in early trades but turned volatile later. The Sensex ended at 18,078,
Tags: Sterlite Industries, India, Mumbai, bse sensex, Business Finance, Economy of India, Vedanta Resources, Goa, finance, Hang Seng Index
Vedanta shares jump 7.4% on restructuring hopes
Shares in India-focused miner Vedanta jumped over 7 percent on Tuesday after reports of a potential tie-up between two separately listed subsidiaries fuelled hope the group could streamline its complex structure and gain easier access to cash.
Tags: Vedanta, India, Mumbai, Sterlite Industries, Business Finance, Vedanta Resources, Sesa Goa, Goa, Anil Agarwal, mining
Strong Re, prices may help Sterlite leave worst behind
The October-December 2011 quarter has turned out to be the worst in nine quarters for Sterlite Industries due to the sharp drop in base metal prices coupled with a 13% decline in the local currency. The country's largest diversified metals
Tags: Sterlite Industries, India, Mumbai, Business Finance, economics, Vedanta Resources, matter, London Metal Exchange, Rupee, mining
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