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Vedanta up 5% as Tamil Nadu govt allows Sterlite plant to produce oxygen

The order, however, added that Vedanta cannot involve the plant in copper production or any other activities

Family members of COVID-19 patients wait to refill cylinders with medical oxygen at a plant, as coronavirus cases surge in Lucknow, Tuesday, April 20, 2021. Photo: PTI
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The decision comes after the Supreme Court said on Friday why couldn't Vedanta operate the plant given the "emergency-like" situation in the country due to Covid-19

SI Reporter New Delhi
Shares of Anil Agarwal-led Vedanta Ltd jumped 5 per cent to Rs 239 on the BSE in the intra-day deals on Monday amid report that Tamil Nadu chief minister K Palaniswami has allowed the company to operate its Tuticorin plant to produce oxygen amid sharp surge in Covid-19 cases in the country.

According to a PTI report, an All-party meeting by Tamil Nadu CM K Palaniswami, convened earlier today, allowed Vedanta's Sterlite Industries in Tuticorin to produce oxygen for four months. 

The order, however, added that Vedanta cannot involve the plant in copper production or any other activities, the report

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First Published: Apr 26 2021 | 1:59 PM IST

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