Per the below link with video, Jim Cramer's favorite INDIAN ADR is $16 Billion (mKap) minerals company Sterlite Industries (SLT):
http://www.cnbc.com/id/24667059/
Cramer's SLT Thesis:
* SLT is a minerals and mining play with a power business that should come on line when Sterlite finishes its coal plant in 2010.
* Sterlite deals primarily in zinc, copper and aluminum, all three of which are in demand by India’s RAVENOUS neighbor China. The Chinese especially want the zinc, which is in stainless steel and copper, a ubiquitous element in any developed economy.
* SLT’s also the majority owner of Bharat Aluminum, one of the four largest aluminum company’s in India.
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Other Related SLT Facts:
* SLT is India's Largest Zinc producer (SLT is the WORLD's 3rd Largest Zinc producer) and derives approx 2/3 of its profit from the metal
* About 1/2 of SLT's sales are in India...about 30% of SLT's sales are in the Far East (including China)
Data Courtesy: CNBC
Full Disclosure: I own shares of SLT.
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