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STERLITE SHUTDOWN
Buy Sterlite Technologies, target price Rs 126: EdelweissThe stock is trading at an attractive 5.3 times FY21E EPS. The brokerage has maintained buy rating with revised target price of Rs 126 (10 ...- Buy Sterlite Technologies, target price Rs 126: EdelweissSterlite is working on diversification in order to avoid risk of slowdown in optical fibre demand led by demand compression in China.
- India turns net copper importer for first time in 18 yrsThe closure of Vedanta’s copper smelter in Tuticorin wiped out more than 46% of the country’s production of the base metal. As a result, im...
- Copper industry body hails National Green Tribunal order on Tuticorin plant"It is a very positive move. We welcome the order. Due to the closure the import and prices of copper had gone up," Sanjeev Ranjan, ICA Ind...
- Sterlite's Tuticorin plant closure spiked sulphuric acid prices 4-fold in 6 mths: CEOThe copper smelter was producing 1.2 million tonne (MT) of sulphuric acid per annum, half of this was sold on a commercial basis; and 2,30,...
- Mineral block auction: Government to put single window clearance in placeIn June, Nayak, had said that unless issues related to green clearances and land rights were addressed upfront,
- Sterlite Copper unit shutdown led to Rs 20,000 crore loss to economy: CEOThe statement comes amid NGT refusing to grant any interim relief to Vedanta, which has challenged Tamil Nadu government's order to permane...
- Vedanta's smelter closure has hurt companies, put people out of jobs: ExecutiveThe Tamil Nadu state government ordered a permanent closure of the plant in May following protests over alleged environmental violations.
- Vedanta meeting orders for refined copper through imports, other units: Sterlite CEO RamnathThe shutdown on May 28, after 13 people died in the firing, happened just ahead of a planned capacity expansion by the company, majority ow...
- NGOs planned closure of Tuticorin copper smelter: CEOProtests, however, "suddenly erupted" in February as the company, after securing all approvals, began work on doubling the capacity of the ...
- Many companies on shaky ground as Sterlite closure snaps raw material supplyMembers of the Chemical Industries Association (CIA) said the closure of the Sterlite smelter since April has impacted as many as 29 compan...
- Sterlite closure: No immediate crisis but concerns on future copper supplyAccording to Urvisha H Jagasheth, analyst at CARE Ratings, production of domestic refined copper in India is expected to see a 36% drop in ...
- 3,000 Sterlite staff face bleak futureAround 500 employees are from northern states like Uttar Pradesh and Bihar and many of them have been sent back as uncertainty shrouds the ...
- Flip side of Sterlite shutdownPrices of copper, a raw material used in making them, have gone up ever since the closure of Sterlite’s Tuticorin copper smelter on March 2...
- Tuticorin protest: Tamil Nadu government orders permanent closure of Sterlite plantViolence on May 22 against the Sterlite plant led to the death of 12 people and the next day another youth succumbed to injuries sustained ...
- National Green Tribunal allows Sterlite Copper Smelter to resume operations"The action of the board would suffer from the voice of arbitrariness if it collected no data, whatsoever, during 23-29 and passed the impu...
- Sterlite: Electricity biz likely to pack a power punchThe Vedanta group-owned Sterlite Industry’s September 2010 quarter numbers were in line with the market expectations.
- High costs limit Sterlite net rise to 5%Sterlite Industries, part of Vedanta Resources and the country’s largest copper producer, on Tuesday said its second quarter net profit gre...
- Sterlite net rises 50% to Rs 1,008 crSterlite Industries, part of Vedanta Resources, said on Monday its consolidated fiscal net profit for the first quarter of the financial ye...
- Sterlite powers ahead of Hindalco in copper streetMetal upstart Sterlite is showing a thing or two to aluminum major Hindalco when it comes to making profits from copper.
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