Vedanta Resources PLC Update on Jharsuguda Power Plants (3949R)

TIDMVED

RNS Number : 3949R

Vedanta Resources PLC

21 September 2017

Vedanta Resources plc

16 Berkeley Street

London W1J 8DZ

Tel: [phone]

Fax: [phone]

www.vedantaresources.com

21 September 2017

Vedanta Resources plc

Update on Jharsuguda Power Plants

Vedanta Resources plc's subsidiary Vedanta Limited today made the below announcement.

Vedanta Limited

Restart of certain units of Power plants at Jharsuguda

Subsequent to our announcement dated September 14, 2017, w.r.t the order dated September 13, 2017 directing temporary closure of the five power plant units (three units of 135 MW each of the 1215 MW power plant, and two units of 600 MW each of the 2400 MW power plant), the State Pollution Control Board, Odisha ('SPCB') has revoked closure of three units (two units of 135 MW each and one unit of 600 MW) on September 20, 2017.

The revocation order will help the Company get complete reliable power generation back in place, satisfying the current requirement for Smelter operations and will not need to purchase the 200 MW stated in the release dated September 14, 2017.

For further information, please contact:

 
 Communications                    Finsbury 
 Arun Arora                        Daniela Fleischmann 
  Head, Corporate Communications    Tel: [phone] 
  Tel: [phone] 
  [e-mail] 
 Investors 
 Ashwin Bajaj                      Tel: [phone] 
  Director - Investor Relations     Tel: [phone] 
                                    [e-mail] 
 
  Sunila Martis 
  Associate General Manager 
  - Investor Relations 
 
  Veena Sankaran 
  Manager - Investor Relations 
 

About Vedanta Resources

Vedanta Resources plc ("Vedanta") is a London listed diversified global natural resources company. The group produces aluminium, copper, zinc, lead, silver, iron ore, oil & gas and commercial energy. Vedanta has operations in India, Zambia, Namibia, South Africa, Ireland and Australia. With an empowered talent pool globally, Vedanta places strong emphasis on partnering with all its stakeholders based on the core values of trust, sustainability, growth, entrepreneurship, integrity, respect and care. To access the Vedanta Sustainable Development Report 2017, please visit http://www.vedantaresources.com/media/214366/vedanta_sd_report_2016-17.pdf. For more information on Vedanta Resources, please visit www.vedantaresources.com

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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September 21, 2017 03:10 ET (07:10 GMT)