Losing Rs 5 cr daily due to Sterlite copper plant shutdown: Vedanta to HC

Vedanta Ltd told an Indian court it has been incurring losses of Rs 5 crore ($705,656) daily ever since the permanent closure of its copper smelter in May after violent protests against the plant led to the death of 13 people in police firing.

The government of Tamil Nadu state ordered the smelter shut permanently on May 28 after bloody protests at the plant in the city of Thoothukudi culminated in police opening fire on demonstrators and shooting people in the head and the chest. Residents and environmental activists had demanded.....

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