Sterlite Industries ADR Shines Like Peaks

Meanwhile, the BSE Sensex was up 176.54 points, or 1.05%, to 17,053.08

On BSE, 1.31 lakh shares were traded in the counter.

The stock reached a high of Rs 133.40 and a low of Rs 131.70 so far during the day.

India’s largest copper maker in sales of equity of Rs 336.16 crore. Nominal value of Re 1 per share

On a consolidated basis, revenue gains Sterlite Industries (India) ‘s net increased 62.6% to Rs 1639.73 crore on 65.8% increase in net sales of Rs 9.824 million rupees in Q1 June 2011 over Q1 June 2010.

At June 30, 2011, Sterlite Industries (India), had cash of Rs 22,933 crore that has been invested Rs 13,115 crore debt mutual funds and RS 9818 crore had been in long-term deposits and balances with banks .

Sterlite Industries (India) is India’s largest diversified metals and mining company. The company produces aluminum, copper, zinc, lead, silver and commercial energy, and is present in India, Australia, Namibia, South Africa and Ireland. The company has strong organic growth projects. The company is the creation of a 5040 MW independent power plant heat through its subsidiary Sterlite Energy.


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