EXHIBIT 10.30


                            SHARE PURCHASE AGREEMENT

This Agreement is made this 3rd day of October, 2006 between Dwarka Prasad
Agarwal, son of Late Laxminarayan Agarwal residing at 113,Samudramahal, Worli,
Mumbai-400 018, hereinafter called the Party of the First Part (which expression
shall unless repugnant to the context be deemed to include its heirs, executors
and assigns) and Sterlite Industries(India) Limited, a Company registered in
India represented by its Director Sri Tarun Jain, hereinafter called the Party
of the Second Part (which expression shall unless repugnant to the context be
deemed to include its administrators, executors and assigns).

Whereas the Party of the First Part is holding 1 (one) Equity share of Rs.100/-
each of Sterlite Energy Limited, a Company registered in India under the Indian
Companies Act, 1956

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Whereas the said Sterlite Energy Limited is in the process of setting up a mega
Power plant of 2400 MW in the State of Orissa and has committed substantial
investment in the said Project.

Whereas the promoters of the Party of the Second Part have experience and
expertise in setting up such mega projects and have expressed its willing and
agreed to buy the entire shareholding of the Party of the First Part in the said
Sterlite Energy Limited on the terms and conditions hereinafter appearing.

Now this indenture witnesseth as follows:-

     1. That the Party of the First part hereby agrees to sell and transfer 1
        (one) equity share of Rs. 100/- each to the Party of the Second Part
        at a consideration of Rs. 100/- per share.

     2. That the Party of the Second part has agreed to pay a sum of Rs. 100/-
        (Rupees one hundred only) to the Party of the First part in lieu of said
        shares purchased by it and has paid the said amount to the Party of the
        First part by way of Cheque No. 084748 dated 3.10.06 drawn on ICICI
        Bank, Tuticorin.

     3. That the Party of the first Part acknowledges the receipt of the said
        sum of Rs. 100/-(Rupees one hundred only).

     4. That the Party of the Second Part has hereby handed over the following
        share certificates along with duly executed share transfer deeds which
        the party of the Second part hereby acknowledges and confirms.




        S1.       SHARE CERTIFICATE NO.      DISTINCTIVE NOS      NO OF SHARES
                                             FROM         TO
                                                      

         1.                2                 2             2           1
                                             TOTAL                     1


     5. That the Party of the first part hereby confirms that the shares being
        sold and transferred herein are free from all encumbrances, charges etc
        and have not been pledged or mortgaged and are available for sale.

     6. That the Party of the First part hereby confirms that all the applicable
        taxes in respect of the present shares will be borne by the Party of the
        First Part only and the Party of the Second part shall in no way be
        responsible for any kind of taxes whatsoever.

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     7. That the Party or the Second Part agrees to deliver information in
        regard to the present transaction to the Reserve Bank of India in the
        relevant form within the time as applicable.

     8. That both the parties hereby confirm that they shall further record any
        deed or recitation if needed.

     9. That if any difference or dispute arises in between the parties herein,
        the same shall be governed by the Jurisdiction of the Mumbai High Court.

In witness whereof the parties have subscribed their hands on the day, month and
the year above first written.


Witness:-

                           
1.       /s/ V. S. Ganesh             /s/ Dwarka Prasad Agarwal
         (V. S. Ganesh)               (Dwarka Prasad Agarwal)

                                      (PARTY OF THE FIRST PART)


2.       /s/ M. Joshi
         [M. Joshi]                   For Sterlite Industries(India)Limited


                                      /s/ Tarun Jain
                                      (Tarun Jain)
                                      Director
                                 (PARTY OF THE SECOND PART)



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