Sterlite dips as TNPCB orders closure of copper plant
Sterlite said that the plant adheres to the highest standards of environment, health and safety practices, benchmarked to international standards.
Sterlite Industries (India) has dipped almost 5% at Rs 89.20 in morning deals on NSE after Tamil Nadu Pollution Control Board (TNPCB) ordered closure of the company’s copper smelter plant, located in Tuticorin, Tamil Nadu with immediate effect owing to alleged leaks of noxious gas.
“Sterlite will engage with TNPCB to explain the factual position regarding emissions from the unit in Tuticorin,” the company said in a regulatory filing.
In a statement, Sterlite said that the plant adheres to the highest standards of environment, health and safety practices, benchmarked to international standards.
“We will engage with TNPCB to explain the factual position and are committed to cooperate fully with the authorities in this regard, in order to be able to restart operations,” Sterlite said in a statement.
The stock opened at Rs 92.50 and has seen a combined 3.32 million shares have changing hands on the counter so far on NSE and BSE.
“Sterlite will engage with TNPCB to explain the factual position regarding emissions from the unit in Tuticorin,” the company said in a regulatory filing.
In a statement, Sterlite said that the plant adheres to the highest standards of environment, health and safety practices, benchmarked to international standards.
“We will engage with TNPCB to explain the factual position and are committed to cooperate fully with the authorities in this regard, in order to be able to restart operations,” Sterlite said in a statement.
The stock opened at Rs 92.50 and has seen a combined 3.32 million shares have changing hands on the counter so far on NSE and BSE.