Vedanta has received quite several bids for its Sterlite Copper unit at Thoothukudi in Tamil Nadu and is in the process of evaluating them. The company has put on sale its Sterlite copper smelting plant which has been closed since 2018 following the Tamil Nadu Pollution Control Board's order over environmental concerns.
The plant was shut after 13 people were killed in a police firing on protestors agitating against alleged pollution by the unit. The Tamil Nadu government had ordered the permanent closure of the unit in May 2018. The company had also moved the Supreme Court seeking permission to reopen the plant, but the apex court has so far not given a clear go-ahead.
Vedanta is a diversified natural resources company, whose business primarily involves producing oil and gas, zinc- lead-silver, copper, iron ore, aluminium and commercial power.
