TIDMVED
RNS Number : 5734Z
Vedanta Resources PLC
23 September 2009
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Vedanta Resources plc
Incident at the BALCO Construction Site
Vedanta Resources plc's subsidiary Sterlite Industries India Limited
("Sterlite") announced an incident at the BALCO construction site. The full text
of the release issued by Sterlite is given below.
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Sterlite Industries (India) Limited
Incident at the BALCO Construction Site
Sterlite Industries (India) Limited (Sterlite or the"company"), regrets to
announce that a power plant chimney under construction at BALCO, Korba collapsed
today. The chimney was being constructed by Gannon Dunkerley & Co. Ltd for the
1,200 MW CPP, associated with the 325 ktpa aluminium smelter project.
The relief and rescue operations are in full swing with the involvement of the
company and the government resources.
Activities in the particular area were temporarily suspended, while the existing
operations remain unaffected.
A probable reason for the incident appears to be the excessive rains and
lightning at Korba. The exact cause for this will however be ascertained only
after a detailed investigation is concluded.
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For further information, please contact:
+----------------------------------+------------------------------------+
| Sumanth Cidambi | sumanth.cidambi@vedanta.co.in |
| Director - Investor Relations | Tel: +44 20 7659 4732 / +91 22 |
| Vedanta Resources plc | 6646 1531 |
| | |
+----------------------------------+------------------------------------+
| Faeth Birch | Tel: +44 20 7251 3801 |
| Robin Walker | |
| Finsbury | |
| | |
+----------------------------------+------------------------------------+
About Vedanta Resources plc
Vedanta Resources plc ("Vedanta") is a London listed FTSE 100 diversified metals
and mining major. The group produces aluminium, copper, zinc, lead, iron ore and
commercial energy. Vedanta has operations in India, Zambia and Australia and a
strong organic growth pipeline of projects. With an empowered talent pool of
30,000 employees globally, Vedanta places strong emphasis on partnering with all
its stakeholders based on the core values of entrepreneurship, excellence,
trust, inclusiveness and growth. For more information visit
www.vedantaresources.com
Disclaimer
This press release contains "forward-looking statements" - that is, statements
related to future, not past, events. In this context, forward-looking statements
often address our expected future business and financial performance, and often
contain words such as "expects," "anticipates," "intends," "plans," "believes,"
"seeks," "should" or "will." Forward-looking statements by their nature address
matters that are, to different degrees, uncertain. For us, uncertainties arise
from the behaviour of financial and metals markets including the London Metal
Exchange, fluctuations in interest and or exchange rates and metal prices; from
future integration of acquired businesses; and from numerous other matters of
national, regional and global scale, including those of a political, economic,
business, competitive or regulatory nature. These uncertainties may cause our
actual future results to be materially different that those expressed in our
forward-looking statements. We do not undertake to update our forward-looking
statements.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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