SENSEX NIFTY
Apr 24, 2013, 04.58 PM IST | Source: PTI

Expert committee begins inspection of Sterlite unit

A team of experts from IIT Madras and Tamil Nadu Pollution Control Board officials have begun inspecting the Copper smelter unit of Sterlite Industries

Expert committee begins inspection of Sterlite unit

A team of experts from IIT Madras and Tamil Nadu Pollution Control Board officials have begun inspecting the Copper smelter unit of Sterlite Industries on a direction from the National Green Tribunal following alleged noxious gas leak last month,causing health problems to locals. Officials said the copper smelter unit was operated in the presence of the team to check quantum of sulpher di oxide being released.

The committee made on-the-spot assessments in the heat-up process in the smelter, sulphuric acid plant and air monitoring system and also took note of data recorded in the system, they said. The team, which began their inspection yesterday, would pay a visit again on Friday when the plant reaches full capacity to assess the amount of sulphur di oxide being let out and submit its report on Apr 29, they said.

The gas leak caused mild suffocation, sore throat and eye irritation to several people in the locality. On Mar 30 TNPCB ordered closure of the Vedanta group company. However Sterlite Industries moved the National Green Tribunal on April 1 challenging the order, saying it had been passed without giving an opportunity to them. The Anti-Sterlite Unit agitation Committee had also launched a series of agitations against the plant and shops in the town remained closed for a day following a call from the committe.

The Supreme Court had on Apr 2 asked Sterlite Industries to pay Rs 100 crore as compensation for polluting the environment through its plant and to pay the amount over three months from that day to the District Collector of Tuticorin. The tribunal appointed a four member committee on Apr 18 to inspect the factory to undertake a study of the plant and submit a report on Apr 29. The committee is led by IIT Professors T S T Sai and Leigib Philip. They are being assisted by Sterlite General Manager(Health,Safety,Environment) A Sumathi, Additional Chief Engineer of Tamil Nadu Pollution Control Board Mohan Naidu.

Sterlite Ind stock price

On August 26, -, Sterlite Industries (India) closed at Rs 90.20, up Rs 2.45, or 2.79 percent. The 52-week high of the share was Rs and the 52-week low was Rs .


The company's trailing 12-month (TTM) EPS was at Rs 5.22 per share as per the quarter ended June 2013. The stock's price-to-earnings (P/E) ratio was 17.28. The latest book value of the company is Rs 76.05 per share. At current value, the price-to-book value of the company is 1.19.

READ MORE ON  Sterlite Industries on
Set email alert for

ADS BY GOOGLE

video of the day

Nov upswing to come post Oct plunge; like Lupin:Sanju Verma

Explore Moneycontrol

Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.