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Sterlite Industries To Set Up Copper Smelter, Power Plant At Tuticorin
10/15/2009 7:53 AM ET
(RTTNews) - Sterlite Industries (India), a subsidiary of Vedanta Resources announced setting up of 400 ktpa brownfield copper smelter expansion project at Tuticorin in India along with an associated 160 MW (2 X 80 MW) captive power plant. The project is likely to be commissioned by mid calender year 2011.
The total investment in this project is estimated at about Rs.2,300 crore. The capital investment includes the cost of the smelter, refinery, the captive power facility and other associated facilities such as sulphuric acid plant and phosphoric acid plant. The project will be funded through a mix of debt and internal accruals, said the company.
by RTT Staff Writer
For comments and feedback: contact editorial@rttnews.com
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