7th Nov 2007 07:00
Vedanta Resources PLC07 November 2007 Re: Sterlite Industries Vedanta Resources plc announces that its majority-owned Indian subsidiary,Sterlite Industries (India) Limited made the following corporate announcementearlier today. CORPORATE ANNOUNCEMENT "Sterlite Industries (India) Limited (the "Company") announces that it intendsto participate in projects relating to the generation of coal based thermalpower and other ancillary activities. The Company currently intends to developthese projects through its subsidiary Sterlite Energy Limited ("SterliteEnergy"). These power projects are expected to include ultra mega power projectsor other projects announced by the Government of India or any State Governmentand/or corporation and other projects independently developed by Sterlite Energyaggregating to an installed capacity of up to 10,000 MW. Sterlite Energy isconsidering financing options for these projects, including the issuance ofequity and the incurrence of debt. A majority of these projects, if approved orawarded, are expected to be commissioned over the next five years." End of Release For further information, please contact: Sumanth Cidambi [email protected] Director - Investor Relations Tel: +44 20 7659 4732/ Vedanta Resources plc +91 22 6646 1531 Robin Walker Tel: +44 20 7251 3801Alex PettiferFinsbury About Vedanta Resources plcVedanta Resources plc is a London listed diversified metals and mining group.Its principal operations are located throughout India, with further operationsin Zambia and Australia. The major metals produced are aluminium, copper, zincand lead. For further information, please visit www.vedantaresources.com. DisclaimerThis press release contains "forward-looking statements" - that is, statementsrelated to future, not past, events. In this context, forward-looking statementsoften address our expected future business and financial performance, and oftencontain words such as "expects," "anticipates," "intends," "plans," "believes,""seeks," "should" or "will." Forward-looking statements by their nature addressmatters that are, to different degrees, uncertain. For us, uncertainties arisefrom the behaviour of financial and metals markets including the London MetalExchange, fluctuations in interest and or exchange rates and metal prices; fromfuture integration of acquired businesses; and from numerous other matters ofnational, regional and global scale, including those of a political, economic,business, competitive or regulatory nature. These uncertainties may cause ouractual future results to be materially different that those expressed in ourforward-looking statements. We do not undertake to update our forward-lookingstatements. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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