Sterlite Copper Shutdown
Unclear violation in Sterlite Copper shutdown affects investment, says SC
Closure of an industry, without specifying the violation in "clearer terms", affects the investment made in the company, the Supreme Court said on Thursday while hearing Vedanta group firm Sterlite Copper's plea against shutting down of its smelting plant in Tamil Nadu's Thoothukudi. While making it clear that a company has to comply with the existing laws and environmental norms, a bench headed by Chief Justice D Y Chandrachud said authorities have to specify the violations for closing down an industry. Senior advocate C S Vaidyanathan, appearing for Tamil Nadu, clarified that the state has not closed down the copper plant but only denied it the consent to operate over environmental concerns. "A company cannot say that it will only comply with those provisions which are pointed out by the authorities. It has to comply with the Water (Prevention and Control of Pollution) Act or whatever law applicable. But when you close down an industry, you cannot say you violated unspecified ...
 "Unclear violation in Sterlite Copper shutdown affects investment, says SC")
TN govt order to close unit is 'naked' discrimination, Sterlite tells HC
It said the order was only a knee-jerk reaction of the state to "appease" a section of public with vested interest
 "TN govt order to close unit is 'naked' discrimination, Sterlite tells HC")
Vedanta's Sterlite Copper shutdown hits chemicals units in Tamil Nadu
The closure of Sterlite Copper, the copper smelting unit of Vedanta Group, is expected to impact the fertilisers and chemicals industry in Tamil Nadu, as it is one of the major supplier of phosphoric acid and sulphuric acid, the by-products from copper, in the State. The price of sulphuric acid has already increased more than three times due to the shortage of supply, said sources.Sterlite is claimed to be the only domestic supplier of Phosphoric Acid with a capacity of 220,000 metric tonne, which is a key raw material to manufacture fertilisers such as Diammonium Phosphate (DAP) and NPK manufacturing apart from its usage in fertigation, a method of injecting fertlisers and other water-soluble products into an irrigation system. It is also used in making animal feeds like Di-Calcium phosphate (DCP) and Mono Dibasic Calcium Phosphate (MDCP), claims the company.The unit is also one of the largest suppliers of Sulphuric Acid, using the sulphur dioxide gases generated during copper ...
 "Vedanta's Sterlite Copper shutdown hits chemicals units in Tamil Nadu")
