Sterlite Industries
Encyclopedia
Sterlite Industries India Ltd. (SLT) is a subsidiary
of Vedanta Resources
plc, a diversified and integrated metals and mining
group.
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 of bauxite
, and the production of aluminum conductors and various aluminum products, as well as in the mining of zinc
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.
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 a wind 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.
. As of March 31, 2010, it also operates a copper mine in Australia.
traded under the ticker SLT at the NYSE in the form of ADS (American Depositary Shares) 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 registration statement contains financial data for fiscal years ended March 31, 2004 to March 31, 2006.
As of December 31, 2007 the following earnings reports have been filed with the SEC:
Results on Indian income statements are generally expressed in crore
(1 crore = 10 million rupees = USD 213,460 with USD 1.00 = INR 46.84718 on August 26, 2010).
Subsidiary
A subsidiary company, subsidiary, or daughter company is a company that is completely or partly owned and wholly controlled by another company that owns more than half of the subsidiary's stock. The subsidiary can be a company, corporation, or limited liability company. In some cases it is a...
of Vedanta Resources
Vedanta Resources
Vedanta Resources plc is a global mining and metals company headquartered in London, United Kingdom. It is the largest mining and non-ferrous metals company in India and also has mining operations in Australia and Zambia. Its main products are copper, zinc, aluminium, lead and iron ore...
plc, a diversified and integrated metals and mining
Mining
Mining is the extraction of valuable minerals or other geological materials from the earth, from an ore body, vein or seam. The term also includes the removal of soil. Materials recovered by mining include base metals, precious metals, iron, uranium, coal, diamonds, limestone, oil shale, rock...
group.
Overview
The company engages primarily in the production of copperCopper
Copper is a chemical element with the symbol Cu and atomic number 29. It is a ductile metal with very high thermal and electrical conductivity. Pure copper is soft and malleable; an exposed surface has a reddish-orange tarnish...
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 of bauxite
Bauxite
Bauxite is an aluminium ore and is the main source of aluminium. This form of rock consists mostly of the minerals gibbsite Al3, boehmite γ-AlO, and diaspore α-AlO, in a mixture with the two iron oxides goethite and hematite, the clay mineral kaolinite, and small amounts of anatase TiO2...
, and the production of aluminum conductors and various aluminum products, as well as in the mining of zinc
Zinc
Zinc , or spelter , is a metallic chemical element; it has the symbol Zn and atomic number 30. It is the first element in group 12 of the periodic table. Zinc is, in some respects, chemically similar to magnesium, because its ion is of similar size and its only common oxidation state is +2...
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.
The company’s main operating subsidiaries are Hindustan Zinc
Hindustan Zinc
--117.200.245.124 15:28, 18 November 2011 vikasHindustan Zinc Limited is an integrated mining and resources producer of zinc, lead, silver and cadmium. It is a subsidiary of Vedanta Resources PLC. HZL is the world's second largest zinc producer. It's FY2011 revenues were Rs...
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 a wind energy
Wind energy
Wind energy is the kinetic energy of air in motion; see also wind power.Total wind energy flowing through an imaginary area A during the time t is:E = ½ m v2 = ½ v 2...
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.
. As of March 31, 2010, it also operates a copper mine in Australia.
Public company
Sterlite Industries is a public companyPublic company
This is not the same as a Government-owned corporation.A public company or publicly traded company is a limited liability company that offers its securities for sale to the general public, typically through a stock exchange, or through market makers operating in over the counter markets...
traded under the ticker SLT at the NYSE in the form of ADS (American Depositary Shares) 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 registration statement contains financial data for fiscal years ended March 31, 2004 to March 31, 2006.
As of December 31, 2007 the following earnings reports have been filed with the SEC:
- 2007-07-26 Q1/2008 ended June 30, 3007
- 2007-10-30 Q2/2008 ended September 30, 2007
- 2007-11-14 H1/2008 ended September 30, 2006 and 2007
Results on Indian income statements are generally expressed in crore
Crore
A crore is a unit in the Indian number system equal to ten million , or 100 lakhs. It is widely used in India, Bangladesh, Nepal, and Pakistan....
(1 crore = 10 million rupees = USD 213,460 with USD 1.00 = INR 46.84718 on August 26, 2010).