Sterlite Ind plan to produce 7-8% of world's aluminium,zinc

Sterlite Industries Q2 net profit went down to Rs 959 crore as against Rs 1,277 crore, on year-on-year basis (YoY). Net sales declined to Rs 6,085 crore from Rs 6,594 crore (YoY). Bottomline and topline numbers were above the street estimates. CNBC-TV18 was expecting net profit at Rs 791 crore and net sales at Rs 5,572 crore. To meet 10% Of World's custom smelting capcity FM Tuticorin Continue to see average demand growth of 15-20% Have 2,200 MW of energy,most of which is captive Co & subsidiaries have cash of $5.6 billion Plan to produce 7-8% Of world's aluminium, zinc Expect final ruling on Asarco deal by last quarter Of 2009 Expect metal prices to be at current level Capex already deployed in sterlite energy Rs 3400 cr ; total investment is $2 bn ; fresh loans will be taken for additional amunt Tasmania mines not very significant, have permit to extend mine life. This property gives an EBIDTA potential of $100 mn . Non operational costs of Baloc I is being added to Balco II as well Asarco would never supply copper concentrate in India Most ideallt placed to do custom smelting in the world Sees logic for copper concentrates to come to India , because of low cost profile that India offers Will look at some good opportunity, will look at opportunities where de-bottlenecting is possible