‘Incurring Daily Loss Of Rs 5 Crore Due To Thoothukudi Plant Shutdown’: Sterlite Copper Tells Madras HC


‘Incurring Daily Loss Of Rs 5 Crore Due To Thoothukudi Plant Shutdown’: Sterlite Copper Tells Madras HC

Mining company Vedanta Ltd told the Madras High Court that it is incurring a loss of Rs 5 crore per day due to forced closure of its Sterlite copper smelting plant in Thoothukudi by the Tamil Nadu government, reports Reuters.

The “unit has been and is continuing to suffer a daily loss of about Rs 5 crores (50 million rupees),” Vedanta said in a petition to the Madras High Court.

In May 2018 the state government passed an order to permanently shutdown of Vedanta’s smelter unit. This order was given when protests erupted in the region on account of pollution concerns. Almost 13 people were killed in the anti-Sterlite protests on 22 May last year during police firing.

The government also withdrew its consent to allow the company to expand capacity at the Thoothukudi plant from 4 lakh tonnes a year to 8 lakh tonnes. Read More

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