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Shares of Sesa Sterlite Ltd gained 2.5 per cent today as Chinese iron ore futures bounced back and were on course for their second-biggest daily gain this year.
Regulatory hurdles (for Sesa Sterlite) relating to restarting iron ore mining appear to be reducing, says Morgan Stanley.
It expects ramp-up of key expansion projects in zinc and aluminium divisions to improve the company’s earnings profile.
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