Document:

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                                                                   EXHIBIT 10.25

                                    AGREEMENT

This Agreement made the 8th day of October, 2003 between STERLITE
INDUSTRIES (INDIA) LIMITED, a Company incorporated and registered under the
Companies Act, 1956 and having its Registered Office at B 10/4 Waluj, MIDC
Industrial Area, Waluj, District Aurangabad 431 133, (hereinafter referred to as
"THE COMPANY") of the ONE PART and MR. NAVIN AGARWAL Indian inhabitant residing
at 321 Samudra Mahal, Dr. Annie Besant Road, Worli, Mumbai - 400 018.
(hereinafter referred to as "WHOLE-TIME DIRECTOR") of the OTHER PART.

WHEREAS:

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The Board of Directors at their meeting held on 26th July, 2003 have appointed
Mr. Navin Agarwal as a "WHOLE TIME DIRECTOR" of the Company for a period of 5
(five) years with effect from August 01, 2003 till July 31, 2008 and Mr. Navin
Agarwal has agreed to the said appointment upon the terms and conditions
hereinafter contained.

The appointment and remuneration of the Whole-time Director has been approved by
the Members at the Annual General Meeting to be held on 23rd September, 2003.

NOW THIS AGREEMENT WITNESSETH AND IT IS HEREBY AGREED BY AND BETWEEN THE PARTIES
HERETO AS FOLLOWS:

1.   The Company hereby approves the appointment of Mr. Navin Agarwal as a
     'WHOLE-TIME DIRECTOR' from the 1st day of August, 2003 till 31st day of
     July, 2008 subject to such appointment being determined earlier in
     accordance with the provisions of this Agreement.

2.   Mr. Navin Agarwal, Whole Time Director of the Company shall have
     substantial powers of management of the affairs of the Company and is
     entitled to exercise all such powers and to do all such acts and things
     which the company is authorised, subject to the provisions of the Companies
     Act, 1956 as well as the provisions of the Memorandum of Association and
     Articles of Association of the Company. Provided that the Whole Time
     Director shall exercise his powers and do such acts, subject to the
     superintendence, direction and control of the Board of Directors.

3.   The Whole-time Director shall in consideration of his services to the
     Company be entitled to receive remuneration by way of salary, allowances,
     commission and perquisites as set out below:-

I(a) Salary      :  In the range of Rs.8,50,000 - Rs.15,00,000 per month
                    (With such annual/special increments within the aforesaid
                    range as may be decided by the Board or any Committee
                    thereof, in its absolute discretion and from time to time).
(b)  Incentives  :  Upto 200% of the Annual Salary as may be determined by the
                    Board or Committee thereof.
(c)  Perquisites :  In addition to salary and incentives payable, Mr. Navin
                    Agarwal shall also be entitled to perquisites including free
                    furnished accommodation or house rent allowance in lieu
                    thereof, gas, electricity, water, furnishing, medical
                    reimbursement and leave travel concession for self and
                    family, club fees, medical and personal accident insurance
                    in

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                    accordance with the rules of the Company or as may be agreed
                    to by the Board of Directors or Committee thereof".

Explanation:

i)   Perquisities shall be evaluated as per Income Tax Rules, wherever
     applicable and in the absence of any such rule, perquisites shall be
     evaluated at actual cost to the Company.
ii)  For the purpose of perqusites stated hereinabove, 'family' means the
     spouse, dependent children and dependent parents of the appointee.

II)  Mr. Navin Agarwal will also be entitled to following perquisites as per
     rules of the Company or as agreed by the Directors which will not be
     included in the computation of the ceiling of remuneration as above.

i)   PROVIDENT FUND AND SUPERANNUATION FUND OR ANNUITY FUND.

i)   Contribution to Provident Fund and Superannuation Fund or Annuity Fund to
     the extent these, either singly or put together are not taxable under the
     Income Tax Act, 1961.
ii)  Gratuity payable at a rate not exceeding half month's salary for each
     completed year of service as per rules of the Company.

iii) Encashment of leave as per rules of the Company.

III) COMMISSION:

     Such remuneration by way of Commission in addition to the salary, incentive
remuneration, if any and perquisites and allowances payable to Mr. Navin Agarwal
calculated with reference to net profits of the Company in a particular
financial year as may be determined by the Board of Directors at the end of each
financial year, subject to such ceiling stipulated in Section 198 and 309 of the
Act.

IV)  OTHER BENEFITS:

i)   Provision for car (with driver) for use of Company's business and telephone
     and other communication facility (for official business).
ii)  Such other benefits as may be decided by the Board or its Committee from
     time to time.

In accordance with the resolution, within the aforesaid limits, the amount of
salary and perquisites payable to Mr. Navin Agarwal will be decided/varied by
the Board of directors or its Committee thereof, from time to time as it may
deem fit in its absolute discretion.

MINIMUM REMUNERATION
In the event of any loss or inadequacy of profits in any financial year during
his tenure the Company shall remunerate by way of salary, perquisites or any
other allowance as

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per ceilings specified in Section II of Part II of Schedule XIII of the
Companies Act, 1956, (including any statutory modifications or re -enactment
thereof, for the time being in force) or any amendments made thereto.

Apart from the remuneration aforesaid he shall be entitled to reimbursement of
expenses incurred in connection with the business of the Company.

Mr. Navin Agarwal shall not be retiring by rotation as a Director.

No sitting fees shall be paid to him for attending the meeting of the Board of
Directors or Committee thereof of the Company.

4.   The Whole-time Director shall throughout the term of this Agreement devote
     his full time and attention to the business of the Company, and shall in
     all respects conform to and comply with the directions and regulations made
     by the Board of Directors and rules of the Company and shall well and
     faithfully serve the Company and use his utmost endeavour to promote the
     interests thereof.

5.   The Whole-time Director shall during the term of this Agreement and at all
     times thereafter keep strictly confidential and shall not divulge,
     disclose, make known or communicate to any person or persons, firm, Company
     or concerns (unless required by the Board or except in the ordinary course
     of business and/or to those of the officials of the Company whose province
     it is to know the same) or himself make use of any and all information
     relating to the Company or any of its holding company, subsidiary or
     affiliate including its business activities, technologies, designs,
     processes and related matters which he may acquire, receive or obtain or
     which may come to his knowledge in the course of or by reason of his
     appointment hereunder.

6.   Notwithstanding anything contrary herein contained or implied, the Company
     shall be entitled to terminate the employment of the Whole-time Director
     under this Agreement forthwith by notice in writing:-

     i)   If he becomes insolvent or make any composition or arrangement with
          his creditors;

     ii)  If he commits a material breach of any of the terms, provisions or
          conditions herein; or

     iii) If he shall become disqualified to act as a director for any reason,
          other than an inadvertent breach of Section 283 of the Companies Act,
          1956.

7.   The Whole-time Director shall not, so long as he functions as such become
     interested or otherwise concerned directly or through his wife and children
     in any selling agency of the Company in future without the prior approval
     of the Central Government.

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8.   Notwithstanding anything to the contrary contained in this Agreement,
     either party shall be entitled to determine this Agreement by giving not
     less than 90 days prior notice in writing in that behalf to the other
     party, or 90 days salary in lieu thereof and on the expiry of the period of
     such notice this Agreement shall stand terminated.

IN WITNESS WHEREOF the Company has caused its Common Seal to be hereunto affixed
and the Mr. Navin Agarwal, Whole-time Director has hereunto set his hand and
seal the day and year first herein above written.

The Common Seal of the above named
STERLITE INDUSTRIES (INDIA)
LIMITED has been affixed hereunto
pursuant to a Resolution passed by its Board          /s/ Tarun Jain
of Directors in that behalf at their meeting
held on 26TH July, 2003 in the presence of
MR. Tarun Jain (Director - Finance)

-------------------------------------
of the Company who in token thereof has set
and subscribed his signatures hereto in the
presence of: Mr.

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Signed and delivered by the above named
Whole-time Director, MR. NAVIN                       /s/ Navin Agarwal
AGARWAL in the presence of:

Ms. Kavitha Pillai
   ----------------------------------

Mr. Arun Ganapathy
   ----------------------------------

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                                                                   EXHIBIT 10.26

                                   AGREEMENT

This Agreement made the 12th day of September, 2006 between STERLITE INDUSTRIES
(INDIA) LIMITED, a Company incorporated and registered under the Companies Act,
1956 and having its Registered Office at B 10/4 Waluj, MIDC Industrial Area,
Waluj, District Aurangabad 431 133, and Corporate Office at 'Vedanta', 75 Nehru
Road, Vile Parle (East), Mumbai - 400 099 (hereinafter referred to as "THE
COMPANY") of the ONE PART and MR. KULDIP KUMAR KAURA Indian inhabitant residing
at B 39 Geetanjali Enclave, New Delhi, 110011 (hereinafter referred to as
"MANAGING DIRECTOR") of the OTHER PART.

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WHEREAS:

The Board of Directors at their meeting held on 19th July, 2006 have appointed
Mr. K. K. Kaura as a "MANAGING DIRECTOR" of the Company with effect from July 1,
2006 till March 31, 2008 and Mr. K. K. Kaura has agreed to the said appointment
upon the terms and conditions hereinafter contained.

The appointment and remuneration of the Managing Director is subject to the
approval of the Members at the General Meeting of the Company.

NOW THIS AGREEMENT WITNESSETH AND IT IS HEREBY AGREED BY AND BETWEEN THE PARTIES
HERETO AS FOLLOWS:

1.   The Company hereby approves the appointment of Mr. K. K. Kaura as a
     'MANAGING DIRECTOR' from the 1st day of July, 2006 till 31st March, 2008.

2.   Mr. K. K. Kaura, Managing Director of the Company shall have substantial
     powers of management of the affairs of the Company and is entitled to
     exercise all such powers and to do all such acts and things which the
     company is authorised, subject to the provisions of the Companies Act, 1956
     as well as the provisions of the Memorandum of Association and Articles of
     Association of the Company. Provided that the Managing Director shall
     exercise his powers and do such acts, subject to the superintendence,
     direction and control of the Board of Directors.

3.   The Managing Director shall in consideration of his services to the Company
     be entitled to receive remuneration by way of salary, allowances, Bonus and
     perquisites as set out below:-

I (a) Basic Salary       :    In the range of Rs.3,00,000 - Rs. 10,00,000 per
                              month.
                              (With such annual/special increments within the
                              aforesaid range as may be decided by the Board or
                              any Committee thereof, in its absolute discretion
                              and from time to time).

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(b) Performance              :     As may be determined by the Board or
    Incentive                      Committee thereof in each year.

(c) Bonus                    :     20% of the Basic salary in accordance with
                                   the rules of the Company.

(d) Special Completion Bonus :     A special completion bonus will be paid to
                                   Mr. K. K. Kaura at the end of the contract
                                   period subject to his performance and
                                   evaluation and subject to such overall
                                   ceiling stipulated in Section 198 and 309 of
                                   the Act.

(e) Perquisites              :     In addition to basic salary, Bonus and
                                   Performance Incentives payable, Mr. K. K.
                                   Kaura shall also be entitled to perquisites
                                   including furnished accommodation and / or
                                   house rent allowance in lieu thereof,
                                   personal allowance, medical and insurance
                                   reimbursement, leave travel concession for
                                   self and family, club fees and personal
                                   accident insurance in accordance with the
                                   rules of the Company or as may be agreed to
                                   by the Board of Directors or Committee
                                   thereof.

Explanation:

i)    Perquisities shall be evaluated as per Income Tax Rules, wherever
      applicable and in the absence of any such rule, perquisites shall be
      evaluated at actual cost to the Company.
ii)   For the purpose of perqusites stated hereinabove, 'family' means the
      spouse, dependent children and dependent parents of the appointee.

II) PROVIDENT FUND AND SUPERANNUATION FUND OR ANNUITY FUND.

Mr. K. K. Kaura will also be entitled to following perquisites as per rules of
the Company or as agreed by the Directors which will not be included in the
computation of the ceiling of remuneration as above

i)    Contribution to Provident Fund and Superannuation Fund or Annuity Fund to
      the extent these, either singly or put together are not taxable under the
      Income Tax Act, 1961.
ii)   Gratuity payable as per rules of the Company.
iii)  Encashment of leave as per rules of the Company.

III) OTHER BENEFITS:

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i)    The Company shall provide a car, expenses relating to fuel, maintenance
      and driver will be reimbursed on actuals. Further the Company shall also
      provide telephones and other communication facility (for official
      business).
ii)   Such other benefits as may be decided by the Board or its Committee from
      time to time.

In accordance with the resolution, within the aforesaid limits, the amount of
salary and perquisites payable to Mr. K. K. Kaura will be decided/varied by the
Board of directors or its Committee thereof, from time to time as it may deem
fit in its absolute discretion.

MINIMUM REMUNERATION

In the event of any loss or inadequacy of profits in any financial year during
his tenure the Company shall remunerate by way of salary, perquisites or any
other allowance as specified above.

Apart from the remuneration aforesaid he shall be entitled to reimbursement of
expenses incurred in connection with the business of the Company.

Mr. K. K. Kaura shall not be retiring by rotation as a Director.

No sitting fees shall be paid to him for attending the meeting of the Board of
Directors or Committee thereof of the Company.

4.    The Managing Director shall throughout the term of this Agreement devote
      his full time and attention to the business of the Company, and shall in
      all respects conform to and comply with the directions and regulations
      made by the Board of Directors and rules of the Company and shall well and
      faithfully serve the Company and use his utmost endeavour to promote the
      interests thereof.

5.    The Managing Director shall during the term of this Agreement and at all
      times thereafter keep strictly confidential and shall not divulge,
      disclose, make known or communicate to any person or persons, firm,
      Company or concerns (unless required by the Board or except in the
      ordinary course of business and/or to those of the officials of the
      Company whose province it is to know the same) or himself make use of any
      and all information relating to the Company or any of its holding company,
      subsidiary or affiliate including its business activities, technologies,
      designs, processes and related matters which he may acquire, receive or
      obtain or which may come to his knowledge in the course of or by reason of
      his appointment hereunder.

6.    Notwithstanding anything contrary herein contained or implied, the Company
      shall be entitled to terminate the employment of the Managing Director
      under this Agreement forthwith by notice in writing:-

      i)    If he becomes insolvent or make any composition or arrangement with
            his creditors;

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      ii)   If he commits a material breach of any of the terms, provisions or
            conditions herein; or

      iii)  If he becomes disqualified to act as a director for any reason,
            other than an inadvertent breach of Section 283 of the Companies
            Act, 1956.

7.    The Managing Director shall not, so long as he functions as such become
      interested or otherwise concerned directly or through his wife and
      children in any selling agency of the Company in future without the prior
      approval of the Central Government.

8.    Notwithstanding anything to the contrary contained in this Agreement,
      either party shall be entitled to determine this Agreement by giving not
      less than 90 days prior notice in writing in that behalf to the other
      party, or 90 days salary in lieu thereof and on the expiry of the period
      of such notice this Agreement shall stand terminated.

IN WITNESS WHEREOF the Company has caused its Common Seal to be hereunto affixed
and the Mr. K. K. Kaura, Managing Director has hereunto set his hand and seal
the day and year first herein above written.

The Common Seal of the above named
STERLITE INDUSTRIES (INDIA) LIMITED has
been affixed hereunto pursuant to a
Resolution passed by its Board of
Directors in that behalf at their
meeting held on 19th July, 2006 in the         /s/ Navin Agarwal
presence of MR. Navin Agarwal of the
Company who in token thereof has set
and subscribed his signatures hereto.

Signed and delivered by the above named
Managing Director, MR. K. K. KAURA in         /s/ K. K. Kaura
the presence of:

Mr. B. Anand
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