Sterlite Industries (India) Limited ("Sterlite") (NYSE:SLT) is pleased to announce that it has been included in the recently launched S&P India 10 Index (the "S&P India 10"). The S&P India 10 is designed to provide investors with tradable exposure to the Indian equity market as well as serve as a basis upon which to create investment products.
Sterlite is the only company from the Materials sector in the S&P India 10.
The S&P India 10 comprises ten of the largest and most liquid Indian companies which trade on developed market exchanges namely the Hong Kong Stock Exchange, the London Stock Exchange, the NASDAQ or the New York Stock Exchange. In addition, included companies must already be a constituent of the S&P/IFCI India Index, with a float-adjusted market capitalization above US$ 500 million and six-month average daily trading value above US$ 1 million.
About Sterlite Industries
Sterlite Industries is India's largest non-ferrous metals and mining company with interests and operations in aluminum, copper and zinc and lead. It is a subsidiary of Vedanta Resources plc, a London-based diversified FTSE 100 metals and mining group. Sterlite Industries' main operating subsidiaries are Hindustan Zinc Limited for its zinc and lead operations; Copper Mines of Tasmania Pty Limited for its copper operations in Australia; and Bharat Aluminum Company Limited for its aluminum operations. The company operates its own copper operations in India. The company recently entered the commercial energy generation business and is in the process of setting up a 2,400MW independent power plant through its wholly owned subsidiary, Sterlite Energy Limited. In 2007, it generated revenues of $5.9 billion and net income of $1.1 billion. Sterlite Industries is listed on the Bombay Stock Exchange and National Stock Exchange in India and the New York Stock Exchange in the United States. For more information, please visit www.sterlite-industries.com.