India's fifth-largest aluminium maker Madras Aluminium Company plans to expand the capacity of its smelter by 14 per cent in the current fiscal year to March by removing bottlenecks, a group company official said on Tuesday.
Anil Agarwal, chairman and managing director, Sterlite Industries speaks on his future plans.
Sterlite Industries (India) has reported a consolidated net profit of Rs 165.23 crore for the second quarter ended September 30, 2003.
Sterlite Industries plans to float up to 25 per cent stake in the company on the London Stock Exchange within the next two months, raising around $250 million.
The buoyancy in the capital market has enthused companies like Sterlite, UB, Bharat Forge and Centurion Bank to plan rights issues totalling Rs 2,450 crore this fiscal, which is more than double the Rs 1,006 crore raised in 2003-04.
The superstar blamed anti-social elements for the anti-Sterlite protests last week that resulted in 13 deaths in police firing, and called for a Jayalalithaa-style 'iron fist' policy to crush such people in the interest of Tamil Nadu.
The Delhi high court on Friday reserve its order on a Public Interest Litigation alleging that the Congress and the Bharatiya Janata Party received funding from subsidiaries of United Kingdom-based Vedanta Resources in violation of various Indian laws.
The brand image, however, may not tarish further as it will have already taken the beating due to consistent injury
But the company should take extra steps to prevent pollution.
Modelled loosely around the National Highway System of the US, he in 2001 launched the Golden Quadrilateral and the North-South & East-West Corridor projects to build 4/6 lane highways between four top metropolitan cities of Delhi, Mumbai, Chennai and Kolkata as well as from Srinagar to Kanyakumari and Porbandar to Silchar.
Villagers have been protesting against the Sterlite factory since February 12, with an effigy of Vedanta Chairman Anil Agarwal as the backdrop. More than 75 days hence, the dharna continues, the summer vacation seeing children joining the protest.
There are 30 listed PSUs in which the public holding is less than 25%.
The Rs 3-trillion West Coast or Nanar refinery has all the potential to become India's flagship petrochemicals project, with the planet's largest oil producer Saudi Aramco as its biggest shareholder. Yet the locals don't see the plant as a harbinger of better times.
.jpg)
The broader markets traded positively with mid-caps and small-caps rising 0.5 per cent each on the BSE.
Promoter holding in family-owned firms up 70 bps since 2005, 240 bps since 2010.
.jpg)
While the systems in place at leading Indian bourses are considered to be very robust and can withstand any possible technical glitches, it is advisable to conduct a precautionary check after an unprecedented three-hour trading halt at a large exchange like Nasdaq, a senior Sebi official said.
Tata Steel, SBI, L&T and Sun Pharma advanced 2-5% each.
All this is happening at a time when aluminium prices in the world market are firming up.
Biggest contribution came from Bharti group-led Satya Electoral Trust.
IT and pharma companies again save the day; mask pain in domestic consumption.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances