Vedanta’s Sterlite Copper appoints new CEO amid battle to reopen India smelter


Vedanta’s Sterlite Copper appoints new CEO amid battle to reopen India smelter

Vedanta Ltd on Friday named metals industry veteran Pankaj Kumar as Sterlite Copper chief executive, amid struggles to reopen its smelter in southern India that was shut after police killed 13 demonstrators protesting against the plant.

Sterlite Copper, which operates a 400,000-tonne-per-year smelter in the South India port city of Thoothukudi, was forced to shut its plant by Tamil Nadu state in May, and is estimated to have lost more than $200 million since.

Kumar replaces P Ramnath, who led Sterlite for eight years. Under Ramnath, the smelter was ordered shut at least twice, including for an alleged gas leak in 2013.

Local residents and environmental activists have staged protests against the plant over allegations of pollution as well as the earlier gas leak. Read More

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