Sterlite Industries (India): Metal production up 4% in Q1

Business Wire Natural Resources News | July 25, 2011 | 7:38 pm Base Metals Asia Europe Lead Zinc 

Sterlite Industries (India) Limited (SIIL) today announced its unaudited consolidated results for the first quarter (“Q1”) ended 30 June 2011.

Highlights for the Quarter:

Operational Performance

  • Refined Zinc production up 17% at 193,000 tonnes at Zinc – India operations
  • Commissioning commenced at 100,000 tpa Dariba Lead smelter which will take HZL’s total Zinc -Lead capacity to 1,064 ktpa
  • Refined silver production up 8% at 47,000 kgs
  • Strong operating performance with 12% higher metal equivalent production at Zinc – International

Financial performance

  • Revenues up 66% at ` 9,824 crore
  • Attributable PAT up 64% at `1,640 crore, `317 crore contributed by Zinc International business
  • Strong balance sheet with cash and liquid investments of `22,933 crore
Read the full news release

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