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TUTICORIN SMELTER RESTART
Vedanta Copper plans $2.3 billion capex, Tamil Nadu smelter restart back on agendaVedanta Copper announced plans to invest $2.3 billion over three to four years to increase its output. The company aims to produce 500,000 ...- Rise in import of copper in recent times great concern for govt: V K SaraswatIndia's copper import, which increased 26 per cent to 60,766 tonnes in the June quarter of 2021-22, is expected to rise further in the rema...
- Sterlite Copper plant in Tamil Nadu resumes oxygen production"The oxygen generated is being stored at our on-site facilities and will be distributed as per the directions of the state government and c...
- Supreme Court rejects Vedanta's early hearing plea in Tuticorin caseIn Feb this year, the Supreme Court had refused to allow Vedanta to restart the controversial plant, which was at the centre of protests ov...
- Sterlite moves SC for access to closed copper plant in TuticorinThe firm has said that its "intention was solely to preserve its assets" and for such purpose alone, commence repair and maintenance activi...
- Vedanta to approach Tamil Nadu government to restart Sterlite Copper plant“We are approaching the state government for necessary approvals for restarting the smelter as per SC directions,” Vedanta said.
- Buy Vedanta; target Rs 285: Edelweiss Financial ServicesBuy Vedanta Ltd. at a price target of Rs 285.0 .
- Vedanta shares rally over 4% after NGT sets aside TN govt orderThe scrip was trading 4.22 per cent up at Rs 209.70 at around 9.30 am.
- Closure of Vedanta's copper plant credit negative: Moody'sThe copper smelter shutdown has no immediate impact on Vedanta's ratings.
- Tuticorin closure to adversely impact Vedanta's other businesses: Moody’sThe ratings agency said it is yet unclear as to what extent the company will be compensated for the land acquired for the expansion.
- Copper plant closure won't affect Vedanta's cash flow much, says S&PThe smelting operations provided only about 5 per cent (roughly USD 200 million-USD 225 million) of Vedanta's gross annual EBITDA, said S&P.
- After Sterlite crisis, more unrest could be in store for billionaire Anil AgarwalIt may get worse amid concern that Vedanta's key copper smelter could remain shut until 2019, further pressuring a stock that’s already bad...
- Vedanta will abide by law of land, says Anil AgarwalVedanta said that it regretted the incidents and that it was working with the authorities to ensure the safety of its employees, facilities...
- Vedanta Resources's oil, zinc output up in FY14; iron ore, copper downThe London-listed, India-focused company reported a 6% increase in average daily oil and gas production at 2,18,651 barrels in the previous...
- Sterlite plant to restart production today"The plant is ready to start production and the process will begin from Sunday in the presence of the four green tribunal panel members," S...
- 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 plant reopening cleared by National Green TribunalThe National Green Tribunal on Friday cleared the reopening of the Sterlite copper smelter plant in Tuticorin.
- Vedanta Group firm Sterlite Industries welcomes Supreme Court verdict, to operate Tamil Nadu plantSterlite Industries today welcomed the Supreme Court verdict that has asked the company to pay Rs 100 crore compensation for polluting envi...
- Sterlite Industries tanks 5% on boursesShares of Vedanta Group firm Sterlite Industries today plunged nearly 5 per cent, wiping off nearly Rs 1,400 crore in investor wealth.
- Sterlite employees petition TN Govt for reopening plantThe operations of the plant were halted yesterday after the March 23 alleged gas leak which caused mild suffocation, sore throat and eye ir...
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