NEW DELHI (Reuters) - Vedanta Resources Plc's Dubai unit is exporting 4,000 tonnes of refined copper a month to customers of Sterlite Industries, whose copper smelter was shut after complaints of emissions, Sterlite's copper business chief said.
Sterlite Industries is a unit of London-listed resources conglomerate Vedanta Resources, controlled by billionaire Anil Agarwal.
Private traders have also doubled copper imports to about 8,000 tonnes per month to bridge the shortfall after the plant closure in March, P. Ramnath, chief executive of Sterlite Copper, told Reuters on Thursday.
Imports started soon after the shutdown of the smelter, he said.
Sterlite's copper smelter meets half of India's demand for the metal, and a near seven-week closure of the plant has tightened supply of refined copper and driven up prices to industry. The plant produces 30,000 tonnes of refined copper a month and nearly half of the output goes to China.
The smelter would remain shut until at least May 22 when a court would resume hearing into complaints of emissions.
(Reporting by Krishna Das; writing by Mayank Bhardwaj; editing by Malini Menon)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
