Sesa Sterlite Gains 3% on Expansion Buzz

Shares in Vedanta Group's Sesa Sterlite gained over 3 per cent to a day high of Rs 245.85 on Tuesday on reports that the company is planning to expand its copper smelter plant in Tuticorin (Tamil Nadu) with an investment of Rs 2,500 crore.

Under this expansion plan, the company reportedly plans to double the copper manufacturing capacity to 400,000 tonne per annum and set up a two power projects with 80 megawatts capacity.

Shares in Sesa Sterlite ended 3.49 per cent higher at Rs 246.25 apiece, outperforming the Nifty which closed 0.06 per cent lower on Tuesday.