Sterlite Industries (India) said that the Supreme Court has set aside the Madras High Court's 2010 order on direct closure of the company's Tuticorin Smelter. However, the apex court, as part of environment commitment, has asked the company to deposit Rs 100 crore towards improving the air and water environment of Tuticorin.
The Supreme Court vide its judgment dated 2 April 2013 has allowed the appeal of the company and set aside the judgment of the Madras High Court order dated 29 September 2010 vide which the company's Tuticorin Smelter was ordered to be closed, Sterlite Industries (India) said in a statement.
The company said it had appealed against the Madras High Court order closing the Tuticorin Smelter (Unit). The apex court had initially stayed the Madras High Court judgment vide interim order dated 1 October 2010.
The apex court had appointed a team of NEERI, TNPCB and CPCB to carry out inspection of the Unit. NEERI submitted its report confirming that the Unit meets the required standards and made certain recommendations for improvements which were implemented.
The Supreme Court after being satisfied has allowed the appeal of the company. The apex court as part of environment commitment of the company has asked to deposit Rs 100 crore to the Collector, Tuticorin. This money will be kept in a Nationalized bank and the interest will be used to improve the air and water environment of Tuticorin.
The company said it welcomes the judgment given by the Supreme Court. The company will continue to work in close association with the Government of Tamil Nadu and other regulatory bodies, towards maintaining highest standards of Health, Safety and Environment, Sterlite said.
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