Email. Sterlite Industries shares on the BSE were down 7.5% to close at Rs 575.70 on Tuesday following concerns that the Malco demerger could hit the companys profitability. Energy Delivery, Power Transmission Company Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express writtern permission of moneycontrol.com is prohibited. May 31, 2013, 20:37 PM IST The company has continually evolved and expanded its capabilities and capacities. Copyright © e-Eighteen.com Ltd. All rights reserved. Sterlite Copper is a subsidiary of Sterlite industries, a company owned by Vedanta Limited.. Overview. Telegram. This multibagger smallcap rallied over 600% in 2020; what should investors do with the stock now? KOLKATA: The Vedanta group's proposed merger of its subsidiaries Sesa Goa Limited and Sterlite Industries (India) Limited to create 'Sesa Sterlite' has become effective. →, Transforming Lives: Designing, building and managing smart cities →, A new approach to evaluate macro and microbending sensitivity of single mode optical fiber →, Sterlite Tech Launches ‘BSS of the Future’ for Rapid Digitalisation of CSPs →, Sterlite Tech Leads the Development of India’s First Smart City – Gandhinagar →, Sterlite Technologies bags Rs3,500 crore project from Indian Navy →, Plug & Play Smarter solution for FTTH deployment →, Certain percentage of GDP should be allocated for smart fibre infra: Sterlite Tech →, Has Sterlite Technologies Limited (NSE:STRTECH) Improved Earnings Growth In Recent Times? RECORD DATE. 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Moneycontrol offers you a choice of email alerts on your investments for FREE! COMPANY NAME . The Scheme of Amalgamation: - Amalgamation of Sterlite Industries (India) Ltd. with Sesa Goa Ltd. Vedanta Resources, which is listed in London, will merge all of its Indian holdings, particularly Sterlite Industries and Sesa Goa, into a single entity. PURPOSE. Udaan in talks to raise $150-200 million from existing investors: Report, Buy Indraprastha Gas: target of Rs 585: Sharekhan, Reliance Jio case: High Court issues notice to Punjab, central governments, Indian Oil Corporation's jet fuel business has recovered by 60%: Sanjay Sahay, M-cap of BSE-listed companies zoom to record high of over Rs 191 lakh crore, Gujarat Gas share price rises as Nomura initiates coverage with a buy, Reliance goes nationalistic to fight vested interests, Large corporations should not become collateral damage in farm protests, No plans to enter contract farming, won't purchase any agricultural land, says Reliance Industries, Buy Jindal Steel and Power; target of Rs 375 : Motilal Oswal. Sterlite Technologies Ltd (Sterlite) is set to spin-off its power business into a separate unlisted company, while retaining its telecom business in the listed entity. Its major business segments are telecom and power. →, An Investigation on Effect of Time Aging on Mechanical Behavior →, Sterlite Tech Q3 net profit up 83% to Rs 90 crore →, Are Networks in Emerging Markets Ready for Terabits Scale Optics →, Markets remain cautious on the eve of #Budget2018. Facebook. Sterlite Technology today said it has completed demerger of its power business and will now focus on its telecom business. Explained | Salesforce Acquires Slack For $27.7 Billion, Is It Worth The Buy? Sterlite Industries (India) Ltd (“Sterlite” together with its subsidiaries), Sesa Goa Ltd (“Sesa Goa” together with its subsidiaries) and Vedanta Resources Plc (“Vedanta” together with its subsidiaries, the “Group”) today announced a recommended merger of Sesa Goa and Sterlite and the proposed consolidation and simplification of the Group structure. In fact, Sterlite is located around 6 km Northwest of Tuticorin town centre. The demerger will be effective from April 1, 2015, subject to all necessary approvals. Sterlite is an innovation powerhouse in next-gen technologies like 5G, AI , FTTx and Analytics. Since its inception in 1996, Sterlite Copper has steadily grown to become one of the leading contributors to copper production in India, contributing upto 40% of India’s demand for refined copper. Etc. Read more about Sterlite Technologies updates on demerger of its Power Business into Sterlite Power Transmission on Business Standard. vs Union of India And Ors. In 1992 Maharashtra Industrial Development Corporation (MIDC) allotted plot in Ratnagiri district's Zadgaon village.On December 13, 1993, over 30,000 people of the city marched to the unit and demolished the quarters for the construction workers and some other structures. PURPOSE. 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