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Sterlite is an active supplier of copper in the defense and industrial sector of India. The demand for copper is expected to grow by 9-10% in the manufacturing industry. We also have the largest custom copper smelter in the country. We own a market share of 36% in India’s copper industry.
Sterlite copper represents Tuticorin copper, power operation and silvassa copper operations. Sterlite Copper operates refinery and copper smelter plant, Sulphuric Acid plant of more 12,00,000 MTPA and a Phosphoric Acid of 220,000 MTPA at Thoothukudi, Tamilnadu
There were several allegations made to Sterlite Copper Plant in Thoothukudi, Tamilnadu, some of them are Sterlite caused cancer, it affected marine life, groundwater pollution, reduction in rain fall and many more. Now Sterlite is back with the answers and explanations to all these alleagations. Go though the link, to know the truth of Sterlite Copper.
Sadhguru Jaggi Vasudev speaks to NDTV on his remarks over the deaths during the anti-Sterlite protests. "We are killing our youth on the streets due to political ambitions... Somebody else put their hands into it and made it violent, it is very obvious," he said after 13 people were killed in police firing during protests against the Sterlite copper smelting plant in Tuticorin.
Vedanta Resources: Keeping up the promises - Are they?
The Vedanta Resources has been of late caught up in a controversy over the expansion of its copper smelting plant. The Sterlite Copper plant; owned by the London-based Vedanta and located in Thoothukudi in the southern state of Tamil Nadu, has been facing sporadic protests from locals and other organizations in the State for over 20 years and the latest protest is a similar one. The company plans to expand its plant to a capacity of 8 lakh tonnes a year despite the protest. The protesters claim that Sterlite has been responsible for pollution and damage to environmental resources.
However, the chief executive of Vedanta Group, Mr. Ramnath mentions that the expansion will go as planned. In his exclusive interview to ET, he also panned the protesters and stated that they had vested interests that motivate them to make false claims on the company. Adding to his argument, he further states that the plant has received all legal permission and clearances for the plant. It should be noted that 30% of the expansion operations have already been carried out and Mr. Ramnath claims that the remaining 70% will also be carried on without any considerable hurdles by the end of the third of fourth quarter of 2019.
The Sterlite plant has been accused as a threat to livelihood, resources and the environment many times over the past two decades and the company has overcome these accusations by winning legal battles over protesters. A similar protest had now emerged and it has been going on for 55 days now with people gathering in large masses to show their discontent. These protests are backed by many environmental groups as well as leading political movements in the State.
It is worthy to note that the Pollution Control Board has not given renewal of consent to the Sterlite plant due to the ongoing protests. As a result, the plant has not been in operation for ten past 15 years. The government hears the grievances of the protestors and legally checks for air quality in the region and also checks the pollution control mechanism deployed the company.
Only after such an examination can be plant obtain a CTO (certificate of consent) for its plant. Mr. Ramnath says that the company is considering further course of action to contend for its intention to expand the smelting plant in Thoothukudi.
Even in 2013, the company was ordered to pay a fine of 100 crore rupees for environmental damage. But, after the penalty had been levied, the company had been permitted to carry on operations in the smelting plant. But, Mr. Tammara stays firm in his argument that the protest in the past 20 years are all baseless and there are foreign benefactors behind these protests, who even bring forth "churches and trade association leaders" for protests, he claims.
The protests have forced Vedanta to reschedule and advance their maintenance shutdown, which was originally meant to be in April, during this period of 15 days.
Proud moment at Vedanta
At Vedanta, we are proud to be one of the best when it comes to extraction and smelting. Our operations range from Great Britain, Africa, India to the Australian mines. The Vedanta organisation is involved in the extraction of aluminum, copper, iron one, zinc along with power and oil & gas. Our operations are spread across India, mainly in the southern districts along with Odisha, Rajasthan, Gujarat in the north. Vedanta limited owns majority shares on other major extraction companies like Cairn India, BALCO among others in the Liberian and Australian mines.
● The two smelting sites of Sterlite Copper are located in Tuticorin and Silvassa. Ours is the best in efficient energy management (Awarded in 2017 for Tuticorin plant). It is the world's first copper smelting plant with zero liquid discharge and produces around 2% of the world's copper. It contributes about 3%to the GSDP of Tamil Nadu and is 8% of the business of the ports. It also constitutes 36% of market share in India and provides employment to 2800 people. Production capacity stands at 4,00,000 copper anode.
● Our specific energy consumption has reduced drastically since 2009 and it was only 7.96 units in 2017. Our GJ/MT of anode benchmark is the sixth best for any copper smelter in the world and we aim to bring it down by high tension drives for SAP blowers in 2018. We aim to bring it to 4.07 benchmark of Saganoseki, which is currently the best.
● At Sterlite Copper, we are also conscious of the environment. Our 28 energy projects were zero fund investments and have helped to save 1001 million rupees and has produced over 200 million units and water consumption. We plan to bring down GHG levels by 20% by 2020, based on 2012 levels.
● At Vedanta, we are also involved in innovative projects that help to produce more at low power. Our projects include the Oxygen plant power optimization, pet coke optimization and refinery current efficiency among others. They have helped to cut down on power consumption over lakh units and increased savings.
● We also keep track of our use of resources through frequent reports and monitoring checks on levels of water, power and energy used. At Vedanta, we aim to use energy efficient resource and adapt to clean energy to reach our environment targets and comply with laws. Our practices comply with global norms and we plan to reduce emissions and invest in renewable sources.
● Sterlite Copper and extraction is very efficient in were disposal and management. Copper slag and oil slug is stored in landfills and is used to lay down roads, cement and detergents. We also plan to set up and invest in solar power for power generation and lighting.
● Our sustainability policies aim at human rights, curbing corruption and conserving the environment. Training and awareness along with improvement in contacts with vendors upto transport and logistics help us achieve this goal.
● Our awareness programs include giving LED light bulbs, conducting puzzle activities to encourage renewable resource use. We also celebrate the National energy conservation day for awareness in rural areas.
Sesa Sterlite: A Vendata Group Company
The merger of Sterlite Industries (India) Limited and Sesa Goa Limited, and the consolidation of the Vedanta Group has given India its largest natural resource based company. Sesa Sterlite is India’s largest and the world’s top one of the world’s most diversified natural resource business by EBITDA and market capitalization. The merger will generate significant financial and operational synergies such as improved fungibility of cash.
The operations of Sesa Sterlite are spread across Ireland, Australia, Namibia, Sri Lanka, Liberia and South Africa. We are listed in Bombay Stock Exchange, National Stock Exchange in India and on the New York Stock Exchange. Sesa Sterlite has diverse operations across the world in oil and gas, zinc-lead-silver, iron ore, copper, aluminum, power. This diversification is expected to reduce the volatility of earnings through commodity cycles and slash down the cost of capital. Sesa Sterlite is a proud leader in India’s mineral production and power generation sector.
Sesa Sterlite is a leader in the production of minerals and thermal power.
Sterlite Copper is the largest copper producer in India. Sterlite Copper operates at one of the least cost incurring custom smelters in the world at Tuticorin, India. Sterlite Copper’s mines in Australia supply concentrate copper to the Indian operations. We have a 40% share in the Indian market. The target C.A.G.R. of Sterlite Copper is projected at 7% from 2013 to 2020. The EBITDA Margin of Sterlite Copper by segment for Financial Year 2013 is 29%. The copper smelting operation of Sterlite Copper in India is at Tuticorin in Tamil Nadu.
Zinc India is the largest integrated zinc producer with 82% market share in the Indian market. Production in the financial year 2014 was 459 kt. Zinc India owns and controls the world’s largest zinc-lead mine located in Rampura Agucha, India. It also owns the largest underdeveloped zinc deposits in the world at Gamsberg, South Africa. The target C.A.G.R. is of zinc is at 9% from 2013 to the year 2020.
Cairn India, the oil and gas company, is the largest private sector producer of crude oil and was awarded the World’s fastest growing Exploration and Production (E&P) company. It contributes to over 25% of India’s current domestic crude oil production.
Sesa Sterlite is the biggest private-sector producer of Iron ore, the backbone of the manufacturing industry, in the country. The company saw a huge success in exploration in Indian operations. This led to a net addition of 59 mt, pushing R&R to 433 mt. Sesa Sterlite owns over 1 billion tonnes of iron deposits in Liberia, West Africa.
Sesa Sterlite also leads in the production of aluminum in India. The assets of the company are located strategically on a large-scale. These include smelters, captive power plants, and mines. The operations are located in the convenient location of bauxite and coal-rich regions of eastern India.
Earnings of the financial year 2012-2013 speak for themselves. The net sale of was 71,780 crores, EBITDA was 25,232 crores and the profit after taxes was 14, 625 crores.
This program is open for second and third-year undergraduate students and postgraduate students in the Physics, Chemistry and Commerce branches, the training program will equip them with industry-relevant training in Spoken-English, technical skills, industrial training and safety.
