| Vedanta to shut copper smelter in India for about 15 days | |
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(Reuters) - Vedanta Resources Plc (VED.L) said on Tuesday its India unit Vedanta Ltd's (VDAN.NS) copper smelting operations at Thootukudi, in the southern state of Tamil Nadu, will be closed for about 15 days as part of a maintenance shutdown. The news of the maintenance activity, which Vedanta said was earlier scheduled for April, comes amid local media reports that thousands had taken to the streets and shut shops in Thootukudi to protest against the expansion of the smelter. The refining and copper rod manufacturing operations would continue as usual at the smelter, Vedanta said in a statement. The company did not return calls from Reuters seeking further comment. The copper smelter, run by Vedanta's Sterlite Copper unit, is one of the India's biggest and has been a target of protesters, who call it a major source of pollution and a risk to fisheries. The plant was shut for more than two months in 2013 after residents complained about emissions. An environmental court later ruled the smelter could operate, but should take extra steps to prevent pollution.
(Reporting by Arathy S Nair in Bengaluru; Editing by Savio D'Souza) |
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Vedanta Resources PLC
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PRODUCER |
CODE : VED.L |
ISIN : GB0033277061 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Vedanta Res. is a zinc and lead producing company based in United kingdom. Vedanta Res. produces zinc, lead, bauxite, copper and gold in Armenia, in Australia, in India and in Zambia, develops lead and zinc in India. Its main assets in production are KONKOLA in Zambia, MT LYELL in Australia, ZOD in Armenia and MAINPAT, RAMPURA AGUCHA, RAJPURA DARIBA, ZAWAR and KAYAR in India, its main asset in development is SINDESAR KHURD in India and its main exploration property is BAMNIA KALAN in India. Vedanta Res. is listed in Germany and in United Kingdom. Its market capitalisation is GBX 227.1 billions as of today (€ 195.8 billions). Its stock quote reached its highest recent level on February 03, 2006 at GBX 999.98, and its lowest recent point on September 28, 2018 at GBX 832.60. Vedanta Res. has 272 776 398 shares outstanding. |