Sterlite Industries plunged by over 4.5%
Copper major Sterlite Industries Ltd. slipped by over 4.5% during the morning trading session on the BSE today. For full story, click here
Articles Tagged "sterlite"
Sterlite revises bid in Asarco project
Sterlite Industries’ revised bid to acquire only the ‘operating assets’ of US-based Asarco is positive, even though the huge cost structure of Asarco and falling copper prices remain key concerns in the near-term. For full story, click here
India's Sterlite Industries to buy bankrupt Asarco for $1.7 billion
India’s Sterlite Industries announced its plan to acquire Asarco LLC, a bankrupt US copper mining producer, for a payment of 1.7 billion dollars. The purchase by Sterlite, is a part of the move to become a diversified copper producer. For full story, click here
Sterlite reduces Asarco bid to $1.4-$1.5 bln
India’s Sterlite Industries has reduced its bid to buy bankrupt U.S. copper miner Asarco LLC to $1.4 billion-$1.5 billion, well below its last year’s offer of $2.6 billion, the Economic Times reported on Monday. For more information, click here
Q2 earnings from Sterlite Industries
Sterlite Industries (India) Limited posted the results for the Q2 & H1 ended 30 September 2008. The company reported a significant fall in unit production costs in Copper businesses, despite rising energy costs. For full story, click here For company’ website, click here
