Get App

Co-Partners

Associate Partners

you are here: HomeNewsBusiness
Last Updated : Jul 17, 2018 10:41 AM IST | Source: Moneycontrol.com

Vedanta blames NGOs for Sterlite Copper plant closure

The Tamil Nadu government had in late May ordered permanent closure of the copper smelter after 13 people protesting to demand its shutdown were killed

Moneycontrol News @moneycontrolcom
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Sterlite Copper’s parent company Vedanta Resources has blamed non-governmental organisations (NGOs) for the closure of its copper plant in Thoothukudi (erstwhile Tuticorin), Tamil Nadu, according to a report by BloombergQuint.

The company is preparing for a battle to restart the operation at the Vedanta-owned Sterlite Copper plant, which was shut down.

According to the report, plant chief R Ramnath has said NGOs urged local protests to stop Vedanta from doubling capacity at the 400,000 metric tons-a-year smelter.

The National Green Tribunal (NGT) will be reviewing Vedanta’s plea to restart the plant on Wednesday, while the state’s pollution control board will hear a petition to renew the licence to operate the plant next month.

“It’s a big blow to our domestic manufacturing,” Ramnath told BloombergQuint. “Supplies from our plant have dried up at a time when copper demand in India is set to rise because of initiatives like rural electrification, railways electrification and expansion of renewables,” he added.

The Tamil Nadu government in late May had ordered permanent closure of a copper smelter of the firm after 13 people protesting to demand its shutdown on environmental concerns were killed.

The plant's closure has increased domestic supply crunch and may turn India into a net importer of primary copper.
First Published on Jul 17, 2018 10:41 am
More From
Loading...
Sections
Follow us on
Available On
PCI DSS Compliant