OREANDA-NEWS. August 8, 2012. The details of the Court Hearing for the Scheme(s) of Amalgamation and Arrangement are as below

Composite Scheme

"The Honorable High court of Bombay at Goa has admitted the petition filed by Sesa Goa Limited in relation to the Scheme of Amalgamation and Arrangement amongst Sterlite Industries (India) Ltd, The Madras Aluminium Company Limited, Sterlite Energy Limited, Vedanta Aluminium Limited and Sesa Goa Limited and their respective Shareholders and Creditors on July 20, 2012. The returnable date fixed by the High Court for the final hearing for approval of the Scheme is August 31, 2012."

Ekaternia Scheme

"The Honorable High court of Bombay at Goa has admitted the petition filed by Sesa Goa Limited in relation to the Scheme of Amalgamation of Ekaterina Limited and Sesa Goa Limited and their respective Shareholders and Creditors on July 20, 2012. The returnable date fixed by the High Court for the final hearing for approval of the Scheme is August 31, 2012."

Sesa is India's largest producer and exporter of iron ore in the private sector. The company is a majority owned and controlled subsidiary of Vedanta Resources plc, the London listed FTSE 100 diversified metals and mining major. For more than five decades, Sesa has been involved in iron ore exploration, mining, beneficiation and exports. Sesa has iron ore mining operations in Goa and Karnataka. It has recently acquired 51 % stake in Western Cluster Limited, a Liberia based company engaged in developing the Western Cluster Iron Ore Deposits into a large integrated Iron Ore Project. Sesa is also into manufacturing pig iron and metallurgical coke, with a 0.28 mtpa metallurgical coke plant and a 0.25 mtpa pig iron plant in Goa.