Vedanta to Shut Plant, 1,000 Jobs Will Be Lost

New Delhi: 1,000 jobs will be lost with British resources giant Vedanta announcing that it is closing an aluminium plant in India due to a slump in metal prices and high energy costs. BALCO, owned by billionaire industrialist Anil Agarwal's Vedanta Group, will close the aluminium rolling mill in Chhattisgarh by December. "The closure of the rolling mill is in the backdrop of a crash in global aluminium prices and the prohibitive co...