Company Profile For Sesa Goa Ltd

Sesa Goa Limited (Sesa Goa) is an iron ore producer and exporter, with mining and processing facilities at various locations in India. The Company is in the business of mining and sale of iron ore and manufacture and sale of metallurgical coke. It has access to 240 million metric tons reserves and resources of iron ore. Sesa Goa is organised into three main business segments: iron ore, metallurgical coke and pig iron. The Company exports approximately five million tons of iron ore, fines and lumps to customers in Japan, China and Europe from ports on both the east and west coasts of India. Sesa Goa's MetCoke division manufactures metallurgical coke. It has 84 coke ovens with a capacity of 280,000 tons. Sesa Goa's main mining operations are at Codli and Sonshi. In June 2009, the Company acquired V S Dempo & Co. Pvt. Ltd (VSD), which in turn also holds 100% equity shares of Dempo Mining Corporation Pvt. Ltd and 50% equity shares of Goa Maritime Pvt. Ltd.

BRIEF: For the six months ended 30 September 2009, Sesa Goa Limited's revenues decreased 24% to RS17.15B. Net income decreased 39% to RS5.89B. Revenues reflect a decrease in income form operations, higher ocean freight charges and a significant fall in other operating income. Net income also reflects an increase in staff expenses, higher consumption of raw materials, an increase in consumption of stores and rose in depreciation expenses.

Sesa Goa Ltd
Sesa Ghor
20 EDC Complex
Patto, PO Box 125
Panaji     403 001
P: +91832.2460600
F: +91832.2460721