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PRESS RELEASE
Vedanta's Value Addition Business Gets recommendation of EAC for enhanced Environmental Clearance
PANAJI, January 28, 2016: The Ministry of Environment and Forests and Climate Change (MoEFCC) in India has been recommended with Environment Clearance (EC) to the capacity expansion plan of Vedanta Sesa Goa Iron Ore's Value Addition Business (VAB) from 450 KTPA to 540 KTPA.
The proposal was considered in Expert Appraisal Committee (EAC) meetings held from July to December 2015. As a result of this, the EAC recommended enhanced Environment Clearance.
Post the clearance, the unit will be able to produce hot metal up to 540000 TPA by way of better techniques and efficient operations that will yield higher quantity of pig iron without any change in basic structure of the blast furnace.
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About Vedanta Limited (Formerly Sesa Sterlite Ltd.)
Vedanta Limited (Vedanta Ltd) is a diversified natural resources company, whose business primarily involves exploring and processing minerals and oil & gas. The Company produces oil & gas, zinc, lead, silver, copper, iron ore, aluminium and commercial power and has a presence across India, South Africa, Namibia, Ireland, Australia, Liberia and Sri Lanka.
Vedanta Ltd, formerly Sesa Sterlite Ltd. is the Indian subsidiary of Vedanta Resources Plc, a London- listed company. Governance and Sustainable Development are at the core of Vedanta's strategy, with a strong focus on health, safety and environment and on enhancing the lives of local communities. Vedanta Ltd is listed on the Bombay Stock Exchange and the National Stock Exchange in India and has ADRs listed on the New York Stock Exchange.
For more information please log on to www.vedantalimited.com.
For further information, please contact:
Sangeetha R Chakravarthy Head - Corporate Communications Tel: +91 832 2460613
[email protected]
Boucette D'Souza e Misquita Associate Manager - Communications Tel: +91 832 2460611
[email protected]
Disclaimer
This press release contains "forward-looking statements" - that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance, and often contain words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "should" or "will." Forward-looking statements by their nature address matters that are, to different degrees, uncertain. For us, uncertainties arise from the behaviour of financial and metals markets including the London Metal Exchange, fluctuations in interest and or exchange rates and metal prices; from future integration of acquired businesses; and from numerous other matters of national, regional and global scale, including those of a political, economic, business, competitive or regulatory nature. These uncertainties may cause our actual future results to be materially different that those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements.