Sterlite

The court battle, which went on for three years, concluded on August 9 and the verdict was pronounced on August 12. Szymanski had joined Sterlite Tech in August, 2020.

Vedanta’s Sterlite to transfer three power projects to GIC JV: Report

The three transmission projects are in Kishtwar, Nangalbibra and Fatehgarh, the report said.

SC defers plea on re-opening Vedanta's Tamil Nadu copper smelter plant to Feb 20

During the course of the hearing, advocates appearing for Tamil Nadu and the state's pollution control board told the court that they would like to consult with the stake holders about SC's suggestion on formation of a committee o study the feasibility of restarting the shut Sterlite copper smelting plant

Vedanta gets SC go-ahead on maintenance work at closed Sterlite plant in Tuticorin

A bench of the apex court led by Chief Justice of India DY Chandrachud, relied on the report of a High Powered Committee (HPC) formed by the government of Tamil Nadu to inspect the structural and civil safety of the plant.

Vedanta's Anil Agarwal: 'India to become 5th country to manufacture semiconductors'

Anil Agarwal further said that he was inspired by Prime Minister Narendra Modi's vision and plans to set up both semiconductor and display fab units early this year. "The dream is to build our own silicon valley," he said.

Vedanta calls copper plant a 'national asset', floats EoI for bids; Shares plunge

The metals and mining conglomerate has posted an advertisement inviting EoIs by July 4 for the plant, which it said accounted for 40% of India’s copper output and employed thousands

Tuticorin copper smelter facing severe damage, needs critical maintenance work, Vedanta tells Supreme Court

With the Tuticorin region expected to continue to receive heavy rainfall, the need for carrying out maintenance work for the plant’s assets and structure becomes critical, the company stresses.

Tamil Nadu to allow Sterlite to produce oxygen, bar on operating other units

The unit was sealed by the state government in May 2018, days after 13 agitators were killed in police firing during a violent anti-Sterlite protest in the southern district.

Vedanta ready to supply oxygen for COVID-19 patients, writes to Tamil Nadu CM

Many companies have begun diverting oxygen supply from their plants to hospitals in various states, since the spike in COVID-19 cases has led to shortage of medical oxygen.

Vedanta delisting failure: The options in front of shareholders

Vedanta’s shares tumbled after its delisting bid failed, bringing back into focus its undervaluation

Sterlite plant to stay shut, Madras High Court junks pleas to reopen Vedanta facility

The Madras HC upheld the Tamil Nadu government's order of May 2018, directing closure of the copper unit.

Exclusive: Indigrid sponsor Sterlite launches unit sale to raise up to Rs 850 crore

The sale of units has been priced at a discount of 1.26 percent to 3.25 percent of today’s closing price of Rs 100.26. Citi and Edelweiss are the brokers/advisors to the deal, say sources.

Vedanta rises 3% after denying rumours of bid for Essar Steel

Vedanta also said it will file a writ petition before the Madras High Court against orders directing the closure of the Sterlite copper plant

NGT sets aside Tamil Nadu govt's order to shut down Vedanta copper smelter

The court directed the Tamil Nadu state pollution regulator to pass a fresh order of renewal of consent for Vedanta's copper smelter within 3 weeks.

India's Sterlite, China's State Grid win Brazil power licenses

Some 47 companies and consortia registered to present bids at the auction at Sao Paulo's stock exchange B3, which led to a competitive round.

1,300 tonnes of sulphuric acid removed from Sterlite plant: Tuticorin collector

Following violence and police firing on May 22 and 23, in which 13 people died, the plant was closed by the state government.

Sterlite: BJP slams DMK, others for questioning anti-social infiltration theory

The violence during the protest and the police firing, which claimed 13 lives, were unfortunate. But some people were not able to bear with the remarks of other people on the issue, state BJP President Tamilisai Soundararajan told reporters.

Sterlite plant closure may turn India into copper importer: Report

The plant produced 46 percent of India's copper demand. A permanent shut down will squeeze domestic supply for the next two months.

COMMENT | TN government agencies should cop criticism over Sterlite fiasco

Ironically, the political parties that are protesting against the plant have at some point or the other, been responsible for clearing the path for the plant

Land allocation for Sterlite expansion in Tamil Nadu cancelled

The move comes a day after the Tamil Nadu government ordered the state Pollution Control Board to seal and "permanently" close the Sterlite Copper plant following last week's protests, over pollution concerns, during which 13 people were killed in police firing.

Sterlite plant faced three rejections before yes from Tamil Nadu

The Delhi-based Centre for Science and Environment (CSE) claimed on Wednesday that the plant did not get the required permissions from the three states over the ‘potential of creating environmental hazards’

Tuticorin violence: DMK, allies call dawn-to-dusk bandh on May 25

The DMK had yesterday called for an all-party protest at all the district headquarters on May 25 to condemn the police firing in Tuticorin district.

Ardhagram, Chotia and Amelia North blocks for bidding today

Amelia North is in Madhya Pradesh and has a reserve of 70.28 million tonne. This is meant for the power sector and there are 11 qualified bidders for this, which include some of the major power players.

Sensex up over 100 pts, Nifty hits 8550; Wipro gains 6%

Wipro gains 6 percent while Hindalco, HDFC Bank, Sesa Sterlite and ONGC. Dr Reddy's Labs and M&M are among losers in the BSE.

ArcelorMittal willingly surrendered stakes in 2 coal blocks

ArcelorMittal today said it has voluntarily surrendered its stakes in 2 coal blocks, Rampia and Dip side of Rampia, following its decision to exit from the USD 12 billion steel project in Odisha in July last year.