Sesa Sterlite earlier Sterlite Industries (India) Ltd (SIIL) was incorporated on September 8, 1975 as Rainbow Industries Ltd. It was later renamed to Sterlite Industries (India) Ltd. in 1986. SIIL is India’s leading vertically integrated non-ferrous metallurgical company.The merger of Sesa Goa, Sterlite and Vedanta Aluminium created Sesa Sterlite,
Sterlite Industries (India) Ltd is the largest non-ferrous metals and mining company and is one of the fastest growing private sector companies. SIIL is a leading producer of copper in India. SIIL pioneered the manufacturing of Continuous Cast Copper Rods in India, and established India's largest Copper Smelting and Refining Plant for production of world class refined copper.
SIIL is the principal subsidiary of Vedanta Resources plc, a diversified and integrated FTSE 100 metals and mining company, Vedanta Resources principal operations are located throughout India, with further operations in Zambia and Australia. The major metals produced are aluminium, copper, zinc and lead. Vedanta has also recently acquired Sesa Goa Limited, India’s largest producer exporter of Iron ore.
Sterlite’s principal operating companies comprise Hindustan Zinc Limited (HZL) for its fully integrated zinc and lead operations; Sterlite Industries India Limited (Sterlite) and Copper Mines of Tasmania Pty Limited (CMT) for its copper operations in India/Australia; and Bharat Aluminium Company (BALCO), for its aluminium and alumina operations and Sterlite Energy for its commercial power generation business.
Sterlite has continually demonstrated its ability to deliver major value creating projects, offering unparalleled growth at lowest costs and generating superior financial returns for its shareholders. At the same time, it ensures that its expansion projects meet high conservative financial norms and do not place an unwarranted burden on its balance sheet and financial resources.
Sterlite develops and manages a diverse portfolio of mining and metals businesses to provide attractive returns to its shareholders whilst carrying out its activities in a socially and environmentally responsible manner and creating value for the communities where it operates. As one of the largest metals and mining groups in India, Sterlite remains continually committed to managing its business in a socially responsible manner. The management of environment, employees, health and safety and community issues, in respect of its operations is central to the success of company’s business.
In December, 2010, Sterlite Industries (India) through its wholly owned subsidiary, Sterlite Infra, has acquired 100% stake in Namibian Skorpian Mines from Anglo American Plc. Group for cash consideration of approximately $707 million.
In February, 2011, Sterlite Industries (India) through its wholly owned subsidiary, Sterlite Infra, has acquired 100% stake in Namibian Skorpian Mines from Anglo American Plc. Group for cash consideration of approximately $707 million.
Product range of the company includes: