CLOSURE BURNS UP Rs70 CRORE FOR STERLITE COPPER SMELTER
Article Abstract:
Sterlite Industries is expected to lose about Rs70 crore in terms of production due to the closure of its copper smelter at Tuticorin. The smelter had been closed for over a month from November 23, 1998 following a directive from the Madras High Court. The smelter, which has an installed capacity of one lakh tonnes per annum, was producing about 225 tonnes of copper anodes per day. The court has now permitted the smelter to resume operations on an experimental basis for two months. (khr)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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STERLITE SALES UP 53%, NET RISES 19%
Article Abstract:
Sterlite Industries has increased its sales by 53 percent to Rs383 crore in the first quarter ended September 30, 1998. The sales growth is due to improved capacity utilisation of its one lakh tonnes per annum copper smelter. The company's gross profit has grown by 62 percent to Rs49.26 crore while net profit has increased by 19.13 percent to Rs29.39 crore. It has provided Rs19.87 crore towards depreciation and Rs21.94 crore for interest. (khr)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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