Sesa Sterlite earlier Sterlite Industries (India) Ltd (SIIL) was incorporated on September 8, 1975 as Rainbow Industries Ltd. It was later renamed to Sterlite Industries (India) Ltd. in 1986. SIIL is India’s leading vertically integrated non-ferrous metallurgical company.The merger of Sesa Goa, Sterlite and Vedanta Aluminium created Sesa Sterlite,
Sterlite Industries (India) Ltd is the largest non-ferrous metals and mining company and is one of the fastest growing private sector companies. SIIL is a leading producer of copper in India. SIIL pioneered the manufacturing of Continuous Cast Copper Rods in India, and established India's largest Copper Smelting and Refining Plant for production of world class refined copper.
SIIL is the principal subsidiary of Vedanta Resources plc, a diversified and integrated FTSE 100 metals and mining company, Vedanta Resources principal operations are located throughout India, with further operations in Zambia and Australia. The major metals produced are aluminium, copper, zinc and lead. Vedanta has also recently acquired Sesa Goa Limited, India’s largest producer exporter of Iron ore.
Sterlite’s principal operating companies comprise Hindustan Zinc Limited (HZL) for its fully integrated zinc and lead operations; Sterlite Industries India Limited (Sterlite) and Copper Mines of Tasmania Pty Limited (CMT) for its copper operations in India/Australia; and Bharat Aluminium Company (BALCO), for its aluminium and alumina operations and Sterlite Energy for its commercial power generation business.
Sterlite has continually demonstrated its ability to deliver major value creating projects, offering unparalleled growth at lowest costs and generating superior financial returns for its shareholders. At the same time, it ensures that its expansion projects meet high conservative financial norms and do not place an unwarranted burden on its balance sheet and financial resources.
Sterlite develops and manages a diverse portfolio of mining and metals businesses to provide attractive returns to its shareholders whilst carrying out its activities in a socially and environmentally responsible manner and creating value for the communities where it operates. As one of the largest metals and mining groups in India, Sterlite remains continually committed to managing its business in a socially responsible manner. The management of environment, employees, health and safety and community issues, in respect of its operations is central to the success of company’s business.
In December, 2010, Sterlite Industries (India) through its wholly owned subsidiary, Sterlite Infra, has acquired 100% stake in Namibian Skorpian Mines from Anglo American Plc. Group for cash consideration of approximately $707 million.
In February, 2011, Sterlite Industries (India) through its wholly owned subsidiary, Sterlite Infra, has acquired 100% stake in Namibian Skorpian Mines from Anglo American Plc. Group for cash consideration of approximately $707 million.
Product range of the company includes:
Main Products
By products:
Sulphuric Acid
Phosphoric Acid
HydroFluoro silicic Acid
Gypsum
Ferro sand
Slime
DORE
Milestones:
1986- Sterlite Cables acquires the Shamsher Sterling Corporation, changes the name to Sterlite Industries (India).
1988- Sterlite Industries.Makes an initial public offering of its shares on the Indian stock exchange.
1991- Sterlite Industries establishes India’s first continuous copper rod plant.
1997 - Commissions first privately developed copper smelter in India at Tuticorin in Tamil Nadu.
1999 - Acquires Copper Mines of Tasmania Pty Ltd,
Acquires Thalanga Copper Mines Pty Ltd.
2005 - Expansion of Tuticorin Smelter to 300,000 TPA and Successful ramp up of ISA furnace in a record period of 45 days.
2006 - Expansion on Tuticorin smelter to 400 KTPA through innovative debottlenecking.
2007 - Sterlite Industries primary listing on NYSE in June 2007
2009- Sterlite Industries' wholly owned subsidiary Sterlite Energy Limited filed Draft Red Herring Prospectus with the Stock Exchange Board of India.
2011- Sterlite Industries completed the acquisition of the Lisheen Zinc Mine in Ireland from Taurus International S.A., a member of the Anglo American plc group for a share value of approximately $546 million.
Achievements/ recognition:-
- 2012 HZL (Vizag and Debari Smelter) Received a British Safety Council Award.
- 2012 HZL (Debari Smelter) Received RoSPA (Royal Society for Prevention of Accident) award
- 2011 HZL (Rajpura Dariba Mines) Received first prize for protective measures taken for Air & Water Pollution Control and Community Development in the 12th Mines Environment & Mineral Conservation Week – 2011
- 2011 HZL (Rajpura Dariba Mine) Received Energy Conservation Award.
2010 India Manufacturing Excellence Awards: Corporate Platinum and consistency award
2010 American Society for Quality: International Team Excellence Awards: Finalist award in team excellence
2010 Safety Innovation award: Merit award in safety excellence
2010 Confederation of Indian Industry Excellence award in energy management: Energy efficient unit award
2010 Indian National Suggestions' Scheme Association: Special and Merit awards for innovation and creativity
2009 Confederation of Indian Industry Excellence award in water management: Excellence award
2009 Qualtech Awards: Certificate of Merit award for the TQM project
2009 India Manufacturing Excellence Awards: Corporate Platinum award
2009 'International Star Award for Quality 2009' under Gold category from Business Initiatives Directions, SPAIN. The award will be given to us during 34th International Star for Quality Convention to be held at Geneva during Oct 25-26, 2009.
2009 IT Department of Sterlite Manufacturing locations and its Data Center achieves ISO 27001 Certification.
2008 CII, Energy Efficient Unit, 2008
2008 Government of India, National level award for Export performance for 2006-07
2008 CII – Water Efficient Unit Award, Excellent Water Efficient unit,2008
2008 CII-ITC Sustainability Award, Certificate of Commendation for Strong Commitment to excel, 2008
2008 Indian National Suggestion Scheme Association- 10th National Suggestion Summit – I prize in Technical
2008 Tuticorin Port Trust, Traffic performance Award 2008
2008 Ramkrishna Bajaj National Quality Award , Performance Excellence Trophy,2008
2008 Indian Institute of Metals - Non Ferrous Best Performance Awards 2008.
2008 Frost & Sullivan, IMEA 2008 : Corporate Super Platinum Award for both Tuticorin & Silvassa
2008 Appreciation Award from Gujarat Safety council
2008 Sristi G3 Award for Sustainable Development
2008 Golden Peacock Award for the Environment Management
2008 IEI Safety Innovation award
2008 Madras Export Processing Zone SEZ Award for outstanding export performance (06-07)
2008 CII Business Excellence Award – Commendation certificate
2007 CII National Award for Excellence in Energy Mgmt for both Tuticorin & Silvassa operations
2007 CII Award for Excellence in Water Mgmt for both Tuticorin & Silvassa operations
2007 Greentech Environment Excellence Award 2007
2007 Frost & Sulivan Manufacturing excellence Award: Platinum award for Silvassa & Gold award for Tuticorin
2007 Ramakrishna Bajaj National Quality award, Certificate of merit in the category of Manufacturing.
2007 Golden Peacock National Training Award.
2007 CII HR Excellence Award, Commendation certificate.
2007 Innovative Training Practices Award, Certificate of Merit.
2007 Golden Peacock Occupational Health and Safety Award.
2007 CII Sustainability Award, Commendation certificate.
2007 National Safety council, safety award 2007.
2007 Greentech Safety Excellence Award.
2007 Tamilnadu government Safety Award.
2007 Safety Innovation Award.
2006 Greentech Safety Excellence Award.
2006 Greentech Environment Excellence Award.
2006 CII National Award for Excellence in Energy Management.
2006 Indian National Suggestion Scheme Association (INSSAN) Award.
2005 British Safety Council’s Safety Award.
2005 QUALTECH 2005
2005 Sterlite Featured in 'Best Companies to work for in India': Business Today Survey
2005 Social Service Award 2005
2005 Greentech Gold Award for Environmental Excellence in the chemical sector by Greentech Foundation for 2005-06
2004 Best Performing Power Plant 2004
2004 Best Corporate Blood Donor Award 2004-05
2004 Award for Excellent Traffic Performance 2004-05
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