Sterlite stir: Thoothukudi casts a shadow on Vedanta bid for Electrosteel

On Thursday, the Tamil Nadu government said it would take the legal route to ensure that its copper plant was shut down after protests led to police firing

Protests against Sterlite Copper in Thoothukudi, Tamil Nadu, are casting a shadow on the ongoing resolution process for Electrosteel Steels, with Renaissance Steel India, Sterlite’s rival in the race to acquire the company, planning to bring the matter up in its argument against Vedanta’s eligibility.

Legal sources close to Renaissance said this would be raised in the appellate tribunal.

“This is what we have been saying. Vedanta has a chequered history of corporate social responsibility and is indifferent towards the requirement of approvals,” a source said.

Sterlite Copper handles the copper business of Vedanta. On Thursday, the Tamil Nadu government said