Mumbai, Aug 9 (ANI/Business Wire India): Sterlite Industries (India) Limited announced that the Supreme Court of India today approved the Bauxite Mining Project at Lanjigarh in the Kalahandi District of Orissa.
The Company is delighted that the project has been given the go-ahead and is committed to its implementation in accordance with the guidelines and safeguards laid down.
The Bauxite Mining Project along with the Lanjigarh alumina refinery will bring significant employment and economic livelihood for the local people and contribute to the overall development of the region.
Sterlite Industries is India's largest non-ferrous metals and mining company with interests and operations in aluminum, copper and zinc and lead. It is a subsidiary of Vedanta Resources plc, a London-based diversified FTSE 100 metals and mining group.
The company has entered the commercial energy generation business and is in the process of setting up a 2,400MW independent power plant through its wholly owned subsidiary, Sterlite Energy Limited. Sterlite Industries is listed on the Bombay Stock Exchange and National Stock Exchange in India and the New York Stock Exchange in the United States.