Sterlite Industries India (BOM:500900)

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The Economic Times  Apr 15  Comment 
Sell Sterlite Industries (India) with a stop loss of about Rs 90 and look for a price target of Rs 78.
Reuters  Apr 1  Comment 
Sterlite Industries (India) said on Monday that Tamil Nadu has ordered it to shut a copper smelter over allegations of a gas leak, in a move that could spur imports and drive up regional premiums for the metal.
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Market Intelligence Center  Feb 16  Comment 
Sterlite Industries (NYSE:SLT) closed Wednesday's unfavorable trading session at $10.64. In the past year, the stock has hit a 52-week low of $6.64 and 52-week high of $16.60. Sterlite Industries (SLT) stock has been showing support around $10.48...

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Business Profile

Sterlite Industries India (STERLITEIND) is a leading producer of copper in India. The company is a part of Vedanta Resources, a London listed metals and mining major with aluminum, copper and zinc operations in India and Australia.

The main products manufactured by STERLITEIND are copper cathodes and rods, based on technology and equipment from Continuous Properzi, Italy . It owns two mines in Tasmania and Australia, which are capable of funding approximately 240,000 DMT concentrate per year to the smelter. The smelter in Tuticorin, Tamil Nadu, is based on a proven energy efficient and environment friendly technology, ISA SMELT process from MIM, Australia. Anode produced by the smelter is processed in the refinery at Dadra Nagar Haveli using the same ISA process.

Sterlite Industries is a Vedanta Group company majorly operating in mining operations for non-ferrous metals. The company is primarily focussed on three commodities - copper, zinc and aluminium.


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