Sterlite copper plant in Tamil Nadu’s Thoothukudi up for sale | Latest News India

In 2018, 13 people were killed in police golibar during a protest against Vedanta Ltd’s Sterlite copper plant in Thoothukudi district of Tamil Nadu.

Vedanta Ltd’s Sterlite copper plant in Thoothukudi district, Tamil Nadu, is ready for sale four years after the state government sealed it after police killed 13 people in Golibar during a protest.

In a newspaper ad, Vedanta Limited invited Expression of Interest (EOI) to sell the smelter and refining complex on Monday. “Interested and financially competent parties must submit an expression of interest by 1800 hours, 4th July 2022, along with company profile and other relevant credentials,” the statement said.

The National Green Tribunal allowed the reopening of the plant in 2018, but the Supreme Court overruled the affair and gave Vedanta the freedom to approach the Madras High Court. In 2020, the High Court refused to order reopening. The company has moved to the Supreme Court, where its request to reopen the plant is pending.

In 2021, the Supreme Court granted conditional permission for Vedanta to reopen the plant to meet medical oxygen demand amid the second Kovid-19 wave. The plant operated for three months until the second wave subsided and the enclosure was closed again.

V Gunasinan, a fighter based in Thoothukudi, said the sale of the plant seems to be a strategy to avoid bank loans and court cases. “Isn’t it abuse of the court to issue an EOI while the case is pending in the Supreme Court?” He asked.

The company has called the plant a national asset. The plant is meeting 40% of the national demand for copper and has played an integral role in India’s self-reliance on copper, it said. “In the interests of the people of the country and Tamil Nadu, we are exploring options to ensure that the plant and assets are best utilized to meet the country’s increasing copper demand,” the company said in a statement.

Justice Aruna Jagadeesan Commission, which is investigating anti-Sterlite violence and police firing in May 2018, submitted its interim report to Chief Minister MK Stalin last year.

Even the Central Bureau of Investigation, which is investigating the shootings, has not made much progress.


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