OREANDA-NEWS. May 24, 2011. In respect of the news report on the above subject, the Company desires to bring on record that we are yet to receive the report, and therefore, unable to comment with detailed explanation on the issues floating in the media.

Our Company maintains high level of transparency and follows the best standards of Corporate Governance. We would like to mention that, on receipt of the report, all matters will be dealt with appropriately in most transparent manner.

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 over five decades, Sesa has been involved in iron ore mining, beneficiation and exports. Over the last two decades, it has diversified into the manufacture of pig iron and metallurgical coke. Sesa has mining operations in Goa and Karnataka while it also operates a 280,000 TPY metallurgical coke plant and a 250,000 TPY pig iron plant in Goa.