Vedanta to reopen its south Indian copper smelter; Supreme Court clears the way
The Tamil Nadu state government ordered the smelter shut permanently in May after protests against alleged pollution at the plant in the city of Thoothukudi during which the police killed 13 demonstrators.
India`s Supreme Court on Tuesday cleared the way for Vedanta to reopen its south Indian copper smelter by refusing to stay an order from the country`s environmental court, the company`s lawyer said.
The Tamil Nadu state government ordered the smelter shut permanently in May after protests against alleged pollution at the plant in the city of Thoothukudi during which the police killed 13 demonstrators.
In December, India`s National Green Tribunal (NGT) revoked the state decision to shut the plant leading Tamil Nadu to appeal the NGT ruling.
The Supreme Court refused to issue a so-called stay halting the NGT`s decision, said Vedanta Legal Counsel Aryama Sundaram in a voice recording sent by Whatsapp to reporters by the company`s public relations firm Brand-comm after the high court session.
Though the court refused to stay the NGT order, the court did admit Tamil Nadu`s appeal before the high court, allowing that case to proceed further, Yogesh Khanna, a lawyer for the state told Reuters.
"The court will continue to hear the case even though it has not stayed the earlier order by the National Green Tribunal (NGT)," Khanna said.
Additionally, the Supreme Court did issue a stay halting an order by the Madras High Court that barred Vedanta from reopening the Thoothukudi smelter until the Madras court hears a case challenging the NGT`s verdict, said Sundaram.
"As it stands today, the order of the NGT stays and has to be complied with by both the parties," he said in the recording.
Vedanta will now file an application with the Tamil Nadu pollution regulator seeking consent to operate the smelter, said P. Ramnath, the chief executive of Vedanta`s Indian copper business Sterlite Copper which operates the plant.
"It is difficult to say when we will be able to reopen the smelter," Ramnath said.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Senior Citizen Latest FD Rates: Know what major banks like SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank are providing on fixed deposits
Gratuity Calculator: Rs 38,000 as last-drawn basic salary, 5 years and 5 months of service; what will be gratuity amount?
Top 5 Small Cap Mutual Funds with best SIP returns in 1 year: See how Rs 25,000 monthly investment has grown in each scheme
Top 7 SBI Mutual Funds With Best SIP Returns in 1 Year: Rs 25,000 monthly SIP investment in No.1 fund has jumped to Rs 3,58,404
02:34 PM IST