Sterlite Copper to approach TN government to restart Tuticorin plant

Sterlite Copper Tuesday said it would approach the Tamil Nadu government for necessary approvals to restart the copper smelter at Tuticorin.

The Supreme Court Tuesday paved the way for the re-opening of Vedanta's Sterlite copper plant at Tuticorin, which was at the centre of massive protests over pollution concerns, by refusing to stay the green tribunal order that had set aside the Tamil Nadu government's decision to close it.

Also Read: Flipkart's Myntra narrows consolidated losses to Rs 178.7 crore for 2017-18

"We are pleased that Supreme Court, post-hearing of the Sterlite Copper matter today (Tuesday), has passed an order to uphold the NGT's order dated Dec 15, 2018, which has paved way for reopening of our copper smelter at Tuticorin and rejected the plea of TN government seeking stay of NGT order and it's proceedings," the company said in a statement.

The company said that it would approach the state government for necessary approvals for restarting the smelter as per Supreme Court directions.

"This is an important development for both the smelter and the surrounding communities, which will allow those affected by the closure to regain their livelihood and Vedanta to help meet India's copper needs," it said.

Also Read: Agri loans worth Rs 10,253-crore disbursed by Syndicate Bank turned into NPAs in 5 years: RTI report

Also Read: 5G rollout: DoT asks technical body to finalise IoT, M2M standards in 2 months