Sterlite Copper

Additionally, at the corporate level, it is a huge loss to Vedanta. On the other hand, protesters say that the Supreme court is unlikely to reconsider its reopening

The plant has been closed since May 2018 after 13 people were killed as police opened fire to quell a protest over alleged pollution caused by it

Closure of an industry, without specifying the violation in "clearer terms", affects the investment made in the company, the Supreme Court said on Thursday while hearing Vedanta group firm Sterlite Copper's plea against shutting down of its smelting plant in Tamil Nadu's Thoothukudi. While making it clear that a company has to comply with the existing laws and environmental norms, a bench headed by Chief Justice D Y Chandrachud said authorities have to specify the violations for closing down an industry. Senior advocate C S Vaidyanathan, appearing for Tamil Nadu, clarified that the state has not closed down the copper plant but only denied it the consent to operate over environmental concerns. "A company cannot say that it will only comply with those provisions which are pointed out by the authorities. It has to comply with the Water (Prevention and Control of Pollution) Act or whatever law applicable. But when you close down an industry, you cannot say you violated unspecified ...

Thoothukudi plant is likely to resume ops if an SC verdict in August goes in the company's favour

The EoI for restart comes when the company is still awaiting the final judgement on the issue, and the court has only allowed it to do maintenance work

Comes after a three-member Supreme Court bench, headed by Chief Justice D Y Chandrachud, in April allowed Sterlite Copper to carry out maintenance

The PDA will remain in effect for 25 years starting from the date of the commissioning of the project, with targeted wheeling scheduled for August 2024

This is not the story of just Amrita Chemicals, but of around 400-odd downstream units, 40-odd contractors and even transport companies

The permission was to the Anil Agarwal-led Vedanta firm on the basis of the High-Powered Expert Committee report and the recommendation of the TN govt

Ten persons from different villages of Thoothukudi, notably Therekuveerapandiyuram and Kayaloorani, reached the Capital on Friday to articulate their grievances

The decision to sell its Thoothukudi copper plant is unlikely to end the controversy surrounding it

Exploring options to ensure plant and assets are best utilised, says company

'Copper is an important metal for the economy of the country', said Sumathi Angusamy

Sterlite Copper claimed that the production halt at its Thoothukudi unit had led to a loss of over $1.2 billion

Vedanta Ltd owned Sterlite Copper has commenced production of medical oxygen at its facility in Tamil Nadu and the first batch of 'medical grade oxygen' was dispatched on Thursday, authorities said

On August 18 the Madras HC refused to allow the unit at Tamil Nadu to start functioning again. It has remained shut since April 2018

Vedanta Limited had moved the court challenging the state government's closure order against its Sterlite Copper Plant on May 28, 2018

The factory closed in March 2018 for annual maintenance first, and later due to protests when the govt issued an order to close the facility.

Sterlite Copper paid the government around Rs 2,200 crore as tax

'The plant met 80-90 per cent of demand for sulphuric acid in the country and 15 per cent of the phosphoric acid demand,' said Sterlite Copper CEO P Ramnath