Sterlite plant shutdown in TN could cost Vedanta $100 million: Anil Agarwal


Vedanta Ltd would suffer a loss of about $100 million if its Tuticorin copper smelter in southern India continues to remain shut for a year, Chairman Anil Agarwal told television channel ET Now on Friday.

The smelter has been shut since May after the Tamil Nadu government cut power supply to the unit, following violent protests over alleged pollution resulted in the death of 13 people in police firing. Vedanta has sought a permanent injunction against the state government from interfering with the operations of its copper smelter,.....

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