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COPPER SMELTER MAINTENANCE
Vedanta's Zambian unit shuts copper smelter for maintenanceVedanta's Konkola Copper Mines has begun a 60-day shutdown of its Nchanga smelter in Zambia for essential maintenance. This move aims to bo...- Hindustan Zinc plans to double output by 2030, may revive demerger planIn 2023, the board of Hindustan Zinc had proposed splitting its business into different verticals, but the plan was opposed by the Governme...
- India's copper demand surges 13% in FY2024, driven by economic growth & infrastructure boomCopper demand in India grew 13% in FY2024, reaching 1700 kilotonnes, driven by economic expansion, particularly in building construction an...
- Vedanta drops 3% as firm loses $200 million in profits in a yearIndia faced a crunch in the availability of refined copper due to Vedanta's Tuticorin smelter closure.
- Vedanta lost USD 200 million in profits in one year of Tuticorin plant shutdown: AgarwalAgarwal added that the stoppage of production at the Tuticorin plant of the firm's unit Sterlite led to the country having to import copper...
- 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...
- Copper production dips 47%, imports surge 233%Import of copper has surged 233% to 10 KT during the quarter. Incidentally, India used to be a net exporter of refined copper.
- Vedanta-Sterlite files petition with National Green Tribunal challenging plant closureThe company has also sought NGT’s permission to allow it to carry out care and maintenance of the plant and other interim reliefs, during t...
- Government order shutting Sterlite was after 'policy decision' to close down smelter: TN governmentThe policy decision was taken at the highest-level in government, by none other than the Honourable Chief Minister, said advocate General N...
- Vedanta says acid leak severe at closed Tuticorin copper plantThe district administration had said on Sunday the leak was minor, and steps were being taken to empty the storage tanks as a safety precau...
- 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...
- 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...
- Why are people against Vedanta's Sterlite plant in Tuticorin? 6 things you should knowResidents have been demanding closure of the smelter for the past 100 days, and had announced they would take out a march to the Tuticorin ...
- Vedanta falls to 10-month low amid protests in Tamil NaduVedanta is estimated to suffer a production loss of 35,000 tonnes per month during the plant’s closure.
- Tuticorin factory currently non-operational: Sterlite CopperThe firm's application to renew its licence to operate the copper smelter facility was rejected by the Tamil Nadu Pollution Control Board.
- CEO: Sterlite will Go Ahead with TN Smelter ExpansionP Ramnath said that the expansion would not be stalled by ongoing agitations, alleging that foreign-funded organisations with ulterior moti...
- Vedanta's application for renewal of copper smelting unit rejectedThe company said it had applied to Tamil Nadu Pollution Control Board for annual renewal of CTO for its existing smelter plant at Thoothuku...
- Sterlite Copper denied consent to operate by Tamil Nadu pollution control boardResidents, environmentalists and politicians have been protesting against the company's proposed doubling of capacity from 400,000 tonnes a...
- Vedanta’s Tamil Nadu unit draws ire from Rajinikanth & Kamal HaasanStars-turned-politicians Rajinikanth and Kamal Haasan are lending their voices to protests by neighboring villagers against the plant in Ta...
- 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...
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