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Vedanta gains 6% after NGT orders reopening of Sterlite copper plant

The stock was up 6% to Rs 214 on the BSE in early morning trade after the National Green Tribunal ordered reopening of the company's copper plant.

Vedanta
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Vedanta

SI Reporter Mumbai
Shares of Vedanta surged 6% to Rs 214 on the BSE in early morning trade after the National Green Tribunal (NGT) ordered reopening of the company’s copper plant.

“The NGT vide its order dated December 15, 2018 has allowed us to resume operations of our Copper Smelter at Thoothukudi and directed the Tamil Nadu Pollution Control Board (TNPCB) to pass fresh order of renewal of consent and restoration of electricity supply for our operations within 3 weeks from the date of the order,” Vedanta said in a regulatory filing on Saturday.

Following the order, Sterlite said it would