Supreme Court upholds NGT order to re-open Sterlite Copper
New Delhi, January 8, 2019: We are pleased that the Supreme Court, post hearing of the Sterlite Copper matter today, has passed an order to uphold the NGT’s order dated Dec 15, 2018 which has paved the way for re-opening of our copper smelter at Tuticorin and rejected the plea of TN government seeking stay of NGT order. We are approaching the state government for necessary approvals for restarting the smelter as per SC directions.
This is an important development for both the smelter and the surrounding communities, which will allow those affected by the closure to regain their livelihood and Vedanta to help meet India’s copper needs.
We are looking forward for the restart of one of the best Copper smelters of the world as we remain committed towards world class environmental standards.
Vedanta would also like to thank the people of Tuticorin for their support, which will go a long way in promoting socio-economic development in the region.
About Vedanta Limited
Vedanta Limited, a subsidiary of Vedanta Resources Limited, is one of the world’s leading diversified natural resource companies with business operations in India, South Africa, Namibia and Australia; Vedanta is a leading producer of Oil & Gas, Zinc, Lead, Silver, Copper, Iron Ore, Aluminium, Steel and Commercial Power.
Governance and Sustainable Development are at the core of Vedanta's strategy, with a strong focus on health, safety and environment and on enhancing the lives of local communities. The company is conferred with the Confederation of Indian Industry (CII) ‘Sustainable Plus Platinum label’, ranking among the top 10 most sustainable companies in India.
Vedanta Limited is listed on the Bombay Stock Exchange and the National Stock Exchange in India and has ADRs listed on the New York Stock Exchange.
For more information please visit www.vedantalimited.com
For further information, please contact:
Mr. Arun Arora
Head, Corporate Communications
Tel: + 91 124 459 3039