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Sesa Sterlite Says Supreme Court Ruling Not Related to Company

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Mumbai: Sesa Sterlite Ltd has said the Supreme Court's reiteration on Tuesday of a prior ruling that all iron ore mined in Goa before 2007 belonged to the western state did not relate to the company.

"It is being clarified that today's developments in the Supreme Court do not relate to Sesa Sterlite. The written order of the Supreme Court is still awaited," the company said in a statement.

Sesa Sterlite shares had dropped as much 12.4 per cent, but later recovered most of the loses and ended the day down 0.28 per cent in a Mumbai market that fell 0.13 per cent.

Sesa Sterlite was formed after Vedanta Resources Plc merged units Sterlite Industries and Sesa Goa last year.

Copyright @ Thomson Reuters 2014



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