Vedanta Seconds Supreme Court's Panel Proposal For Sterlite Copper Plant Revival
In line with the Supreme Court's proposal to set up an expert panel to look into whether the Sterlite Copper plant in Tamil Nadu's Thoothukudi can be reopened or not, Vedanta Ltd. has also proposed to appoint a committee of experts as a way forward.
In a note filed before the top court, a copy of which has been accessed by NDTV Profit, the mining giant has proposed to set up a committee of experts comprising representatives of the Ministry of Environment, Forest and Climate Change of India, the National Environmental Engineering Research Institute, the Central Pollution Control Board, IIT, the Tamil Nadu Pollution Control Board, Vedanta, and three independent experts.
It has further been pleaded that this expert committee be chaired by a retired justice of the top court.
Vedanta has requested that the expert committee report be submitted within one month of its constitution.
"The remit of the committee would be to make recommendations and suggest conditions for the resumption of operations at Vedanta's copper smelter, including additional environmental safeguards if required," the note said.
It has also been proposed that, pending the committee's report, Vedanta may be permitted to carry out refurbishment, repair and maintenance of the unit at its own risk and cost. This work, however, will not involve any production activity.
Lastly, it has been proposed that all expenses of the committee be borne by Vedanta.
During the last hearing, the top court proposed setting up an expert panel to look into the plant's viability.
The copper smelter was completely shut down in 2018, following the Tamil Nadu government's order to seal and permanently close it after 13 people were killed in police firing during a protest against the unit.
The protests were concerned with the expansion of the plant and accompanying environmental concerns.
At its apex capacity, Sterlite Copper in Thoothukudi district accounted for nearly half of India's copper output.
-
High US Salaries, No Green Card Certainty: The Financial Calculation Facing Indian H-1B Families
The suspension of PERM processing at eight technology employers does not cancel existing H-1B visas. What it does is force a question many Indian families have been avoiding: is the US salary worth tying your career and family plans to one employer?
-
Swiggy vs Eternal: Food Delivery's Two Rivals Are No Longer In The Same Race
Eternal is building a private AI assistant, dark.ai. Swiggy is still working out how to make Instamart pay, with an operating loss of Rs 895 crore in the July-September quarter while Blinkit stayed profitable.
-
Where You Live Shapes How You Get To Work | The Reason Why
Two-wheelers are the most popular way to get to work in India, accounting for nearly 43% of workplace commutes.
-
Unhedged Position: Can India See An Indonesia-Style Time Correction?
The Nifty is trading below levels it first clocked in 2024. Is there, then, as I have suggested in the headline, potential that the current time correction drags on painfully for the next three-five, even ten years?
-
Navigating Friction And Energy Realities: An Analysis Of Marco Rubio's October Visit To India
Occurring at a critical juncture marked by stalled trade negotiations and escalating geopolitical pressures over global energy supplies, the visit offers a profound window into modern US-India relations.
-
India Exports Capital. Why Not Export Trusteeship?
The big question, then, is whether India can build an institution that global borrowers, investors, banks, and lawyers can trust, even without an Indian connection.
-
France's Economy & Politics Are In Crisis | The Reason Why
Let's look at how the French economy and politics evolved under Nicolas Sarkozy, Franois Hollande and Emmanuel Macron.
-
You May Inherit The Business. You Must Earn Its Credibility.
Succession tests the founder's ability to share authority as much as it tests the next generation's readiness to assume it.
-
Signing Deals Is One Thing; Making Them Work Is Another | The Week In Whys
Sometimes, things don't turn out as planned. Indian companies have lost some bids to rivals, some projects won't produce until 2030.
-
FOMC Wall, PERM Suspension, Hospital Stocks | Talking Points This Week
A PERM suspension would directly affect green-card sponsorship rather than H-1B visas, so the near-term earnings impact could remain relatively limited. The key question is whether this marks a new phase in US scrutiny of Indian IT.