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Tuesday, March 20, 2007

Sterlite to Expand to 2 lakh tonne Cu capacity

The UK based Vedanta group flagship Sterlite Industries, which recently completed its capacity expansion at the copper smelter in Tuticorin from 3 lakh tonne to 4 lakh tonne by debottlenecking, is looking at further enhancing its capacity by another 2 lakh tonne.

“We are currently doing a feasibility study to understand the viability of expanding the capacity at Tuticorin,” said Agarwal.

The smelting and refining costs at Tuticorin are one of the lowest worldwide. The expansion is expected to further help in reducing the costs of production.

The group has a substantial presence in copper globally. Around 30% of the group’s turnover comes from overseas, most of which is accounted for by copper.

Source: Financial Express

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