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| Sterlite lowest bidder for power project | 10-OCT-09 |
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| Vedanta Group company Sterlite Energy is believed to have bagged the country's first Ultra Mega Power Transmission (UMTP) project, breaking the decades-old monopoly of state-run PowerGrid Corporation. |
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| No bauxite mining at Niyamgiri yet | 06-AUG-09 |
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| The Orissa government has made it clear that mining of bauxite in the Niyamgiri hills in Kalahandi district will not be allowed till all the statutory clearances are obtained. |
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| Gets warning against 'illegal mining' | 04-AUG-09 |
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| The Centre today warned the Vedanta group that it can be prosecuted if it resorts to “illegal mining” of bauxite at Niyamgiri in Orissa since it has been given only in-principle approval. “They have got environmental approval in-principle. They have not got full forest clearance. If mining is taking place in Niyamgiri, then it is illegal,” Environment and Forests Minister Jairam Ramesh said in the Rajya Sabha.Replying to a debate on the working of his ministry, he said the ‘in principle’ nod given to the group would not mean sanction for the mining operations. |
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| Sterlite Industries posts 42% fall in Q1 net | 29-JUL-09 |
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| Sterlite Industries, the Vedanta Group diversified base metals producer, has posted 42 per cent decline in net profit at Rs 924 crore in the first quarter of the current financial as compared to Rs 1,595 crore in the same quarter of the previous year. Net sales of the company also plunged by 21 per cent to Rs 4,537 crore from Rs 5,770 crore. Earnings per share (EPS) slipped, therefore, to Rs 9.49 from Rs 16.25 in the first quarter of the previous year. |
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| Sterlite Industries to raise funds via QIP | 13-JUL-09 |
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| Sterlite Industries India, a Vedanta Group firm, today said it is planning to raise funds through the issue of securities under Qualified Institutional Placement (QIP) route. |
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| Sterlite Energy mulls IPO to raise Rs 3,000 cr | 13-JUL-09 |
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| Sterlite Energy, a wholly-owned subsidiary of Vedanta Group firm Sterlite Industries, may hit the capital market soon with a public offering to raise up to Rs 3,000 crore to part finance its expansion plans. |
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| Sterlite Energy mulls IPO to raise Rs 3,000 cr | 12-JUL-09 |
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| Sterlite Energy, a wholly-owned subsidiary of Vedanta Group firm Sterlite Industries, may hit the capital market soon with a public offering to raise up to Rs 3,000 crore to part finance its expansion plans. |
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| 5 Indian firms in shortlist to exploit Afghan iron ore mine | 04-JUL-09 |
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| Five Indian metals and mining companies are in the race for acquiring mining rights for the largest iron ore deposit in war-torn Afghanistan. The government has shortlisted Vedanta group’s Sesa Goa, Essar Minerals, Ispat Industries, JSW Steel and Rashtriya Ispat Nigam for a bid for the 1.8 billion tonne Hajigak iron ore deposit. |
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| Sterlite Q4 net dips 55% at Rs 598 cr | 28-APR-09 |
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| The copper producer had a consolidated net profit of Rs 1,318.41 crore in the fourth quarter of 2007-08, Sterlite Industries said in a filing to the Bombay Stock Exchange. |
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