Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
CO-PRESENTED BY
LIVE TV DownloadNews18 App
News18 English
272
nda:
Needmore seats to Win
Needmore seats to Win
upa:
»
2-min read

Post NGT Order, Sterlite Copper Mulls Approaching TN Govt for Consent to Operate Tuticorin Plant

The National Green Tribunal (NGT) on Saturday set aside the Tamil Nadu government order for closure of the copper unit at Tuticorin, which was at the centre of massive protests over alleged pollution, saying it was "non sustainable" and "unjustified".

PTI

Updated:December 16, 2018, 10:52 PM IST
facebookTwittergoogleskypewhatsapp
Post NGT Order, Sterlite Copper Mulls Approaching TN Govt for Consent to Operate Tuticorin Plant
File Photo of Sterlite Industry in Tuticorin,Tamil Nadu. (Image: Reuters )
Loading...
New Delhi: Buoyed by the NGT order allowing reopening of its Tuticorin plant, Sterilte Copper CEO P Ramnath Sunday said the company will now approach the Tamil Nadu government for consent to resume operations at the unit.

The National Green Tribunal (NGT) on Saturday set aside the Tamil Nadu government order for closure of the copper unit at Tuticorin, which was at the centre of massive protests over alleged pollution, saying it was "non sustainable" and "unjustified".

In May, Vedanta's Sterilte Copper had to close the smelter plant following the state government order. The company had challenged the order in the NGT.

On his next move after the NGT order, Ramnath told PTI, "We will approach the Tamil Nadu government based on this order next week. We will approach for consent to operate, and immediately, we will ask them for access to the plant because the order also mentions the district collector should give access to the plant."

"Our aim is to make the plant operational as soon as possible," he added.

The company has been abiding with all environmental laws, Ramnath said adding "we have always been saying that we are a compliant company and make sure environmental laws are followed."

The company's 4,00,000 tonne per annum plant met over 30 per cent of the of India's copper demand. It also produced sulphuric and phosphoric acids as a by-product which are key raw material for manufacturing of fertiliser.

On the impact of the closure of the plant, Ramnath had earlier said that "due to the shutdown in the last six months... import of the metal (copper) has seen a surge. While premium on copper has gone up by 10-15 per cent, the import of the metal has shot up 2.5 times to nearly 30,000 tonne per month".

Sterlite Copper's plant closure has led to a spike in prices of phosphoric and sulphuric acids, adversely affecting the downstream chemical and fertilisers industry, he had said.

"The plant met 80-90 per cent of demand for sulphuric acid in the country and 15 per cent of the phosphoric acid demand. The closure of our plant has led to a sharp surge in demand, thereby driving up prices," Ramnath added.

In the last six months, prices of sulphuric acid have shot up from Rs 3,000/tonne to Rs 12,000/tonne, and a tonne of phosphoric acid costs Rs 53,000 as compared to Rs 43,000 a tonne six month earlier, a rise of 23 per cent, the CEO said.
(Get detailed and live results of each and every seat in the Lok Sabha elections and state Assembly elections in Andhra Pradesh, Odisha, Arunachal Pradesh and Sikkim to know which candidate/party is leading or trailing and to know who has won and who has lost and by what margin. Our one-of-its-kind Election Analytics Centre lets you don a psephologist’s hat and turn into an election expert. Know interesting facts and trivia about the elections and see our informative graphics. Elections = News18)
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
 
 
Most Active
Company Price Change %Gain
ICICI Bank 431.75 5.09
Reliance 1,336.85 0.22
SBI 355.35 3.84
IndusInd Bank 1,648.90 3.14
Larsen 1,544.15 4.61
Company Price Change %Gain
GRUH Finance 313.30 -4.42
Reliance 1,336.80 0.07
Larsen 1,543.65 4.60
SpiceJet 141.55 9.64
SBI 354.60 3.59
Top Gainers
Company Price Change %Gain
ICICI Bank 431.75 5.09
Larsen 1,544.15 4.61
Zee Entertain 376.85 4.55
JSW Steel 288.00 4.37
Bharti Airtel 353.20 4.25
Company Price Change %Gain
ICICI Bank 431.50 5.09
Larsen 1,543.65 4.60
Bharti Airtel 353.30 4.40
Vedanta 163.85 4.20
Tata Motors 182.15 4.09
Top Losers
Company Price Change %Gain
Tech Mahindra 735.85 -1.00
NTPC 129.15 -0.54
TCS 2,048.00 -0.29
HUL 1,749.60 -0.24
HCL Tech 1,065.95 -0.04
Company Price Change %Gain
NTPC 129.20 -0.54
HCL Tech 1,061.65 -0.46
TCS 2,049.65 -0.20
HUL 1,749.20 -0.10

Live TV

Loading...
Countdown To Elections Results
  • 01 d
  • 12 h
  • 38 m
  • 09 s
To Assembly Elections 2018 Results