Swarajya Logo
Swarajya Logo
Politics States Economy Society Business Culture Infra Defence World Books Ideas Science Technology Heritage Archives Legal Movies Sports
  • Our Views
    Politics States Economy Society Business Culture Infra Defence World Books Ideas Science Technology Heritage Archives Legal Movies Sports
  • Magazine
  • Store

About Swarajya

Swarajya is a publication by Kovai Media Private Limited.

Swarajya - a big tent for liberal right of centre discourse that reaches out, engages and caters to the new India.

editor@swarajyamag.com

Useful Links

  • About Us
  • Subscriptions Support
  • Editorial Philosophy
  • Press Kit
  • Privacy Policy
  • Terms of Use
  • Code of Conduct
  • Plagiarism Policy
  • Refund & Cancellation Policy

Useful Links

  • About Us
  • Subscriptions Support
  • Editorial Philosophy
  • Press Kit
  • Privacy Policy
  • Terms of Use
  • Code of Conduct
  • Plagiarism Policy
  • Refund & Cancellation Policy

Participate

  • Contact Us
  • Write for us
  • Style Guide
  • Jobs

Stay Connected

  • Artboard 2 Copy 6Created with Sketch.
    Artboard 2 Copy 10Created with Sketch.
    Artboard 2 Copy 7Created with Sketch.
    Artboard 2 Copy 9Created with Sketch.
  • Andriod Logo
  • IOS Logo

News Brief

Exiting Tamil Nadu? Vedanta To Set Up A New Coast-Based Copper Smelter Plant At A Proposed Investment Of Rs 10,000 Cr

Swarajya StaffWednesday, March 31, 2021 11:53 am IST
The Sterlite Copper plant in Thoothukudi. (LiveMint)
The Sterlite Copper plant in Thoothukudi. (LiveMint)
The Sterlite Copper plant in Thoothukudi. (LiveMint)

Reeling under a daily loss of Rs five crore due to the closure of its production unit in Tuticorin for nearly three years, metal and mining behemoth Vedanta Group has announced its plan to establish a copper smelter in a coastal state of India at an estimated cost of Rs 10,000 crore.

Vedanta Ltd, a subsidiary of Vedanta Resources, on Wednesday (31 March) called for Expression of Interest (EOI) from state governments for the 500 KTPA (Kilo Tonnes Per Annum) smelter that will require around 1,000 acres of land. It needs a port nearby and logistics to handle 5 MTPA (Million Tonnes Per Annum) material movement.

According to Vedanta, the proposed project would need about 1,000 acre in proximity to port along with logistics connectivity with conveyor/corridor of rail and road to handle five million TPA material movement on both in-bound and out-bound sides.

The company said the project has a potential to provide direct and indirect employment to 10,000 people and will contribute about Rs 3,000 crore to the government treasury as taxes and others.

Senior officials were not available to answer IANS to the query whether the company is exiting Tuticorin.

The Tamil Nadu government had ordered the copper smelter plant to be shut down in 2018 following a violent protest that led to the death of 13 persons in police firing.

The 400,000 ton Sterlite Copper smelter plant that has been operating in Tuticorin for over 25 years with a cumulative investment of about Rs 3,000 crore.

However, from the start, Sterlite Copper smelter plant has been facing protests by the local people alleging that it pollutes the environment.

Originally the plant was planned in Goa but it faced severe opposition from the state's people. However, the AIADMK regime under J. Jayalalithaa gave a warm welcome to the project and allotted land at Tuticorin.

Ever since then the plant was in the eye of storm with MDMK leader Vaiko leading a protest against the project and later filing a case.

The major political parties in Tamil Nadu -- AIADMK and DMK -- are against Vedanta's copper smelter plant in Tuticorin.

The Supreme Court is hearing the case on an appeal filed by the company against the Madras High Court's refusal to reopen the Sterlite Copper smelter plant in Tuticorin.

"The next hearing in the Supreme Court will be in August. The advertisement by the company seems they may be exiting Tuticorin," said Fatima Babu, one of the persons who had filed a case against Sterlite Copper told IANS.

(With Inputs From IANS)

Tags
Tamil Nadu
Vedanta
Tuticorin
Copper
Sterlite Copper Plant
Thoothukudi Sterlite

Comments ↓

An Appeal...


 

Dear Reader,

 

As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.

 

Our business model is you and your subscription.  And in challenging times like these, we need your support now more than ever.

 

We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.

 

Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.

Get Swarajya in your inbox.


Magazine


Swarajya Magazine Cover Image
Merchandise

Merchandise


    Politics

    Tamil Nadu Dashboard: Cyclone Michaung Causes Heavy Rains; Udhayanidhi's Remarks On Sanatana Dharma Blamed For Congress Defeat

    Tamil Nadu Dashboard: Cyclone Michaung Causes Heavy Rains; Udhayanidhi's Remarks On Sanatana Dharma Blamed For Congress Defeat

    Swarajya Staff
    1h

    Lalduhoma, The Ex-IPS Officer Who Scripted A Spectacular Win For His Party In Mizoram

    Jaideep Mazumdar
    1h

    Mamata Banerjee, Akhilesh Yadav Blame Congress' Losses To Absence Of Seat-Sharing Among INDI Alliance Parties

    Nishtha Anushree
    2h

    Economy

    Sensex, Nifty Close At All-Time High After BJP Victories In Three States, Record Surge Of Over 2 Per Cent

    Sensex, Nifty Close At All-Time High After BJP Victories In Three States, Record Surge Of Over 2 Per Cent

    Nishtha Anushree
    2h

    Textile Industry In Tamil Nadu Affected By Increased Competitiveness Of Other States; High Cost Of Power And Labour Among Reasons: Report

    Swarajya Staff
    2d

    Sorry, Cassandras. India's GDP Could Well Top 7 Per Cent In Fiscal 2023-24

    R Jagannathan
    3d

    Defence

    On This Day, In 1971, Indian Air Force Struck Pakistani Installations For The Second Straight Day, Setting Stage For Historic Naval Raids On Karachi

    On This Day, In 1971, Indian Air Force Struck Pakistani Installations For The Second Straight Day, Setting Stage For Historic Naval Raids On Karachi

    Ujjwal Shrotryia
    27m

    IAF's Mighty 'Mi-26,' Able To Lift Chinooks, Set For Overhaul With Russian Help

    Ujjwal Shrotryia
    4h

    Two Pilots Killed In Training Aircraft Accident, Indian Air Force Orders Inquiry

    Swarajya News Staff
    7h

    World

    Chinese Economic Crisis Deepens As Debt Defaults Reach Record High

    Chinese Economic Crisis Deepens As Debt Defaults Reach Record High

    Swarajya Staff
    4h

    How Recent Fighting In Myanmar Is Making China Nervous

    Swarajya Staff
    6h

    Hamas Leader, Who Virtually Addressed A Pro-Palestine Rally In Kerala In October, On Israeli Spy Agency's 'Kill List': Report

    Swarajya Staff
    2d

    Culture

    'Animal': Sandeep Reddy Vanga 2 – Liberals 0

    'Animal': Sandeep Reddy Vanga 2 – Liberals 0

    K Balakumar
    2d

    Why The Insidious Anti-Hindu Communalism Of Certain Directors Goes Scot-Free

    Anonymous Contributor
    2d

    Napoleon Film Review: Ridley Scott’s Waterloo

    Venu Gopal Narayanan
    2d
    States

    infrastructure


    V Bhagya Subhashini
    1

    Madurai Metro: CMRL Awards DPR Consultancy Contract, Report To Be Ready By June 2024

    2 Mins Read
    V Bhagya Subhashini
    2

    Uttarakhand's Infrastructure Boost: Centre To Build Six Rail Over Bridges With Rs 193 Crore Under Setu Bandhan Scheme

    2 Mins Read
    Swarajya Staff
    3

    Dilli Gramodaya Abhiyan: Lt Governor V K Saxena Unveils Rs 800 Crore Development Plan To Revamp Delhi's Urban Villages

    2 Mins Read
    Swarajya Staff
    4

    Adani’s International Terminal Becomes India's First To Handle 3 Lakh Containers In A Month, Records 42 Per Cent Y-o-Y Growth

    1 Mins Read