Latest news with #Sterlite
The Hindu
25-07-2025
- Politics
- The Hindu
Vaiko to lead State-wide campaigns on Tamil Nadu's livelihood issues
The Marumalarchi Dravida Munnetra Kazhagam (MDMK), on Friday (July 25, 2025), announced that party general secretary Vaiko is set to lead a series of campaigns at eight locations across Tamil Nadu. In a statement, the party said, in a bid to defend Tamil Nadu's livelihood interests and safeguard democracy, Mr. Vaiko will lead campaigns beginning in Thoothukudi on August 9, demanding the ouster of the Sterlite copper plant. He will also lead campaigns in Kadaiyanallur on secularism and federalism; in Cumbum on the Mullaperiyar dam and the India-based Neutrino Observatory project; in Dindigul on the struggles of farmers and fishermen; in Kumbakonam on the proposed Mekedatu balancing reservoir project across the Cauvery by the Karnataka government and on coalbed methane extraction; in Neyveli on issues related to the Neyveli Lignite Corporation; in Tiruppur opposing Hindi imposition; and in Chennai on social justice and the legacy of the Dravidian movement, the statement added.
Yahoo
03-07-2025
- Business
- Yahoo
India sends geologists to Zambia to explore copper and cobalt deposits
India has initiated a significant exploration project in Zambia by sending a team of geologists to investigate potential copper and cobalt deposits, as reported by Reuters. These minerals are crucial for the country's energy transition, with cobalt a vital component in electric vehicle batteries and copper essential in various industries. The Zambian government has allocated 9,000km² to India for mineral exploration. The exploration project, set to last three years, will see analysis primarily conducted in Indian laboratories. The exploration team plans to make multiple visits throughout the project's duration. Upon determining the mining potential in Zambia, the Indian government intends to request a mining lease and may extend an invitation to private-sector companies to join the venture. The Ministry of Mines in India has not commented on the development. India's strategic pursuit of critical minerals extends beyond Zambia, with discussions underway with several African countries, as well as prospects in Australia and Latin America. India is also engaging with the Democratic Republic of Congo to secure cobalt and copper supplies. Following the 2018 shutdown of Vedanta's Sterlite copper smelter, India's copper imports have risen, reaching 1.2 million tonnes (mt) in the fiscal year ending March 2025. India's reliance on cobalt imports is evident, with a 20% increase in cobalt oxide imports recorded in 2024/25. In a strategic move to bolster domestic resources and lessen dependence on China, India has instructed state-owned miner IREL to halt rare earth exports to Japan, potentially impacting a longstanding supply agreement. "India sends geologists to Zambia to explore copper and cobalt deposits" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Time of India
17-06-2025
- Business
- Time of India
Sterlite Tech shares soar 35% in 2 days on data centre expansion amid AI demand
Shares of Sterlite Technologies jumped nearly 35% over two trading sessions, driven by the company's move to expand its data centre offerings to cater to growing AI-related infrastructure demand. The stock rose 13.5% today to Rs 112.8 on the BSE, after gaining 19.3% in the previous session. In an exchange filing on Monday, the company said it has launched a new generation of data centre solutions—ranging from cabling to end-to-end connectivity—designed to meet the specific needs of hyperscalers , colocation providers, enterprises, and telecom operators. Sterlite expects the global data centre market to reach $517 billion by 2030, growing at a CAGR of 10.5%. Also Read: Street favourites! Analysts see these 10 smallcap stocks rallying 20-80% The new solutions include high-performance fibre and copper cabling systems tailored for smart buildings, campuses, and data centres. The company said its copper systems enable secure, reliable data and AV connectivity, while its riser and campus fibre cabling support high-speed, low-latency networking. To strengthen distribution in India, Sterlite has partnered with Tech Data – India, a subsidiary of TD SYNNEX. Tech Data specialises in emerging technologies such as cloud, cybersecurity, AI, IoT, and analytics. Also Read: 6 IPOs set to open this week. Check latest GMP trends Last week, Sterlite Tech , in a joint venture with Dilip Buildcon , secured a Rs 2,631 crore order from BSNL under the BharatNet project. The contract involves building and operating middle-mile connectivity infrastructure across Jammu & Kashmir and Ladakh. According to Trendlyne, the average target price for Sterlite Tech is Rs 93, suggesting a downside of 17% from current levels. Among the two analysts tracking the stock, the consensus rating is 'Buy'. Meanwhile, the stock has rallied 91% over the past three months but remains down nearly 3% over the past two years. Its current market capitalisation stands at Rs 5,430 crore. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Economic Times
16-06-2025
- Business
- Economic Times
Sterlite Tech shares jump 12% on data centre expansion to tap AI demand
Shares of Sterlite Technologies surged nearly 12% on Monday, June 16, after the company announced the expansion of its data centre portfolio to address growing demand from AI-driven infrastructure. The stock was among the top gainers in the broader markets. ADVERTISEMENT In an exchange filing, the company said it has launched a new generation of data centre solutions—ranging from cabling to end-to-end connectivity—designed to meet the specific needs of hyperscalers, colocation providers, enterprises, and telecom operators. Also Read: 10 midcap stocks with more than 20 buy Calls: Analysts see up to 25% upside Sterlite expects the global data centre market to reach $517 billion by 2030, growing at a CAGR of 10.5%. The new solutions include high-performance fibre and copper cabling systems tailored for smart buildings, campuses, and data centres. The company said its copper systems enable secure, reliable data and AV connectivity, while its riser and campus fibre cabling support high-speed, low-latency networking. To strengthen distribution in India, Sterlite has partnered with Tech Data – India, a subsidiary of TD SYNNEX. Tech Data specialises in emerging technologies such as cloud, cybersecurity, AI, IoT, and analytics. ADVERTISEMENT Last week, Sterlite Tech, in a joint venture with Dilip Buildcon, secured a Rs 2,631 crore order from BSNL under the BharatNet project. The contract involves building and operating middle-mile connectivity infrastructure across Jammu & Kashmir and Read: These 11 Nifty microcap stocks can rally 55-210% in the next 12 months According to Trendlyne, the average target price for Sterlite Tech is Rs 93, suggesting limited upside from current levels. Of the two analysts tracking the stock, most have a 'Buy' rating. ADVERTISEMENT The stock has rallied 56% over the past three months but remains down 20% over the past two years. Its current market capitalisation stands at Rs 4,532 crore. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
24-05-2025
- Politics
- Time of India
Sterlite killings: NGO urges TN to conclude action against officials
Madurai: The Tamil Nadu govt has been urged to complete the pending disciplinary proceedings against the 17 revenue and police officers involved in opening fire on anti-Sterlite protesters in Tuticorin district, and place them under suspension so that none of them are allowed to retire without facing the consequences of their actions. In a statement, executive director of NGO, People's Watch, Henri Tiphagne also urged chief minister M K Stalin to seek the closure of the CBI probe ordered by the Madras high court and entrust the investigation to a highly competent team of police officials, preferably monitored by a highly reputed independent senior police officer from outside Tamil Nadu, comprising senior officers of the rank of DGP. This is because several IPS officers and IAS officers were found to be responsible for the injuries and the killings in Tuticorin. Tiphagne said that Justice Aruna Jagadeesan Commission, which probed the 2018 Sterlite killings, submitted a report to the govt in 2022. He stated that while the Tamil Nadu assembly adopted the report in May 2022 and consequential orders were passed by the state govt, it is shocking that despite three years passing, the disciplinary proceedings against the police and revenue authorities are still pending. Get the latest lifestyle updates on Times of India, along with Brother's Day wishes , messages and quotes !
