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Stock impact report

Indian court says committee to decide fate of shut Vedanta copper smelter [Reuters]

Vedanta Limited American Depositary Shares (Each representing four equity shares) (VEDL) 
Company Research Source: Reuters
Indian court says committee to decide fate of shut Vedanta copper smelter | Reuters Reuters Staff 2 Min Read NEW DELHI (Reuters) - India’s environment court said on Monday an independent judicial committee will decide in about six weeks whether to allow Vedanta Ltd to reopen its copper smelter, which was shut by the southern state of Tamil Nadu on environmental grounds. Tamil Nadu ordered the permanent closure of the plant and disconnected its power supply in May following protests that turned violent and culminated in the police opening fire on protesters, killing 13 of them. The company has denied that the plant, India’s second biggest copper smelter located in the port city of Thoothukudi, pollutes the area. National Green Tribunal (NGT) Chairman Justice Adarsh Kumar Goel said the committee, including representatives from Vedanta, Tamil Nadu Pollution Control Board and the federal environment ministry, will look into the matter afresh. The committee, to be headed by a retired judge Show less Read more
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