Sterlite Industries (India) Limited results for fourth quarter

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Mumbai, Apr 28 (ANI/Business Wire India): Sterlite Industries (India) Limited announced its results for the fourth quarter ("Q4") and full year ended March 31, 2008.

Highlights:

Highest ever annual production across all metals

Costs lower across all operations, inspite of a challenging environment

Chanderiya II hydro smelter achieves rated capacity in very first quarter after commissioning

HZL to become world's largest integrated zinc-lead producer by 2010 - announces expansion projects that will take its total integrated zinc-lead capacity to 1,065,000 tonnes per annum with fully integrated mining and captive power generation capacities xploration success at Hindustan Zinc Limited ("HZL")increases in reserve and resources by 28.7 million tonnes containing 4.0 million tonnes of zinc - lead metal, prior to depletion

The first phase of the 500,000 tpa Jharsuguda Aluminium smelter is in the final stages of commissioning with first metal tapping expected shortly, more than a year ahead of schedule

Work on the 2400 MW independent power plant is progressing on schedule

320 mt coal block allocation secured during the year, including largest and single allocation of 210 mt

Contribution of strong volumes and lower operating costs to EBITDA were offset by lower zinc LME prices and the appreciating Indian rupee

Strong balance sheet with net cash position of approximately Rs 12,000 crore

Proposed dividend of 200% or Rs 4.00 per equity share

ANI

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