September 22, 2008
Vedanta Plans 100 Million-Ton Sesa Goa Iron Ore Capacity Expansion, an Industrial Info News Alert
Researched by Industrial Info Resources (Sugar Land, Texas) -- Vedanta Resources plc (LON:VED) (London) recently announced plans for an eight-fold increase in the iron ore production capacity of its Indian subsidiary Sesa Goa Limited (BOM:500295) (Panaji, Goa) to 100 million tons per year over the next five years. Vedanta will make initial investments of about $700 million in Sesa Goa to attain production of 25 million tons per year by 2010. Vedanta currently holds a 57% equity interest in Sterlite Industries India Limited (NYSE:SLT) (Tuticorin, Tamil Nadu), which operates aluminum, copper, lead and zinc businesses.
For details, view the entire article by subscribing to Industrial Info's Premium Industry News at http://www.industrialinfo.com/showNews.jsp?newsitemID=139203, or browse other breaking industrial news stories at www.industrialinfo.com.Industrial Info Resources (IIR) is a marketing information service specializing in industrial process, energy and financial related markets with products and services ranging from industry news, analytics, forecasting, plant and project databases, as well as multimedia services. For more information send inquiries to [email protected] or visit us at www.industrialinfo.com.
Related News Articles
Indian Oil and Coal Companies Discuss Setting up $1.5 Billion Coal-to-Liquid Plant in Assam
India's Power Sector Attracts Investments of $48.75 Billion in the First Half of 2008
ABB India Secures $114 Million Contract for Vedanta's Aluminum Smelter Expansion in Orissa
Contact: Joe Govreau 713-783-5147
SOURCE: Industrial Info Resources