Sterlite Industries is part of the Vedanta Group. Here is a brief history and profile of Sterlite Industries

Sterlite Industries

Sterlite Industries (India) Ltd. (SIIL) is the principal subsidiary of the Vedanta Resources Group. Sterlite is a leading producer of copper in India. It was the first company in India to set up a Copper Smelter and Refinery in Private Sector and operate the largest capacity continuous Cast Copper Rod plants. Vedanta Group is a London listed metals and mining major with Aluminium, Copper and Zinc operations in India and Australia.

Sterlite Industries (India) Ltd. (SIIL) is involved in Mining, Smelting, and Refining. Sterlite Industries operates one copper mine, Mount Lyell Mine, in Western Tasmania, Australia through its subsidiary Copper Mines of Tasmania. Copper concentrates from Sterlite Industries copper mine is blended with bought out concentrates from other sources and treated to get optimum results. The Smelter is based on IsaProcess technology from MIM, Australia, world leaders in Copper smelting technology. The anode produced by the smelters is processed in the Silvassa and Tuticorin refineries using IsaProcess technology sourced from MIM, Australia. The Refineries convert Copper anodes to electrolytic grade Copper cathodes of 99.99% purity.

Other companies of Vedanta Resource Group

Bharat Aluminium Company Ltd. (BALCO): It is a leading producer of aluminium in India. BALCO was incorporated in the year 1965 as a Public Sector Undertaking (PSU). In the year 2001, Government of India divested 51% equity and management control in favour of Sterlite Industries (I) Limited.

Hindustan Zinc Ltd (HZL): It is India's leading zinc producer. Hindustan Zinc Ltd. was created from the erstwhile Metal Corporation of India on 10th January 1966 as a Public Sector Undertaking. In April 2002, Sterlite acquired a 46% interest in HZL from the Government of India and the open market, and it became a part of the Sterlite group. In August 2003, Sterlite acquired a majority state in HZL by acquiring another 18.9% interest from the Government of India.

The Madras Aluminium Company Ltd. (MALCO): It is a primary Aluminium producer in South India with operations encompassing mining, refining, smelting and power generation. MALCO was established in 1965 at Mettur Dam, near the city of Salem, Tamil Nadu in collaboration with Montecatine of Italy. It was taken over by the Sterlite group in 1995.

Konkola Copper Mines Plc (KCM): It is the largest mining and metals company in Zambia with annual capacity of 200,000 metric tonnes of copper.

Copper Mines of Tasmania:Copper Mines of Tasmania extracts copper from Mount Lyell Mine, located in Queenstown, Tasmania. First started in 1896, the mine was re opened by Copper Mines of Tasmania in 1995. Sterlite Industries acquired the company in 1999.

Note: The above information was last updated on 21-07-2007