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The Tamil Nadu government’s decision to “permanently close” down the Vedanta group's Sterlite copper plant in Tuticorin has affected street sentiment.
Vedanta’s stock price has corrected by 13.5 per cent in May.
However, looking at the large product portfolio of the natural resources major, which has interests in other base metals as aluminium, zinc, lead and nickel, along with oil and gas, iron ore and power, and considering that the expansions done in most of these segments, analysts see a limited impact of the unit's closure.
Analysts at Kotak Institutional Equities say the contribution of copper operations was only 3-4
