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Sterlite Copper starts despatch of copper anodes via mechanised sailing vessel

Sterlite Industries India Limited (SIIL) is the principal subsidiary of Vedanta Resources plc, a diversified and integrated FTSE 100 metals and mining company, with principal operations located in India and Australia.

 
PRLog - Oct. 8, 2012 - TUTICORIN, India -- Thoothukudi:The maiden voyage of MSV. Esther Rajathi, the mechanised sailing vessel carrying copper anodes of Sterlite Copper was flagged off by Mr.S.Natarajan, Deputy Chairman, V.O.ChidambaranarPort Trust in the presence of Mr.P.Ramnath, Chief Executive Officer, Sterlite Copper here on Saturday.

This is the first time copper anodes are being transported via mechanised sailing vessel in the country. The vesselstarting its journey towards Mumbai carrying 350tons of copper anodes from Thoothukudi Old harbour (Zone B) will reach the destination on 12th October 2012. The copper anodes are being sent to Sterlite’s refinery plant at Silvassa in the Union Territory of Dadra and Nagar Haveli where they get refinedinto copper cathodes.

“This is the first time in the history of Sterlite, copper anodes are being transported by this mode. It is now an alternate mode of transport for us other than trucks. I am sure that this will be benefiting the sagging mechanised sailing vessel trade,” said Mr.P.Ramnath.

“We thank Sterlite Copper for supporting us in promoting our century old, traditional sea trade,” said Mr.S.Princeton Fernando, President, Coastal Mechanised Sail Vessel Owners’ Association (CMSVOA). He also commended Sterlite for taking efforts for improving the quality of lives of women from poor fishermen community through its community welfare programmes.

Mr.P.P.Markhs, Head – Logistics, employees of Sterlite Copper, port officials and office bearers of CMSVOA were also present during the event.  

Photo Cut Line: Mr.S.Natarajan, Deputy Chairman, V.O.ChidambaranarPort Trust flagging off the maiden voyage of mechanised sailing vessel carrying copper anodes of Sterlite Copper at Thoothukudi old harbour in the presence of Mr.P.Ramnath, Chief Executive Officer, Sterlite Copper.

For further information, please contact:

L.N.Balakrishnan
Head - Public Relations
Sterlite Copper   ln.balakrishnan@vedanta.co.in
Tel:  +91 461 424 2926


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.

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Source:Sterlite Industries
Phone:91 461 6612591
Zip:628 002
City/Town:Tuticorin - Tamil Nadu - India
Industry:Manufacturing
Tags:sterlite industries, Sterlite Industries India, Sterlite Industries India Ltd, siil, copper cathode
Shortcut:prlog.org/11993561
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