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2024-06-20 12:43:40 +0300

Sterlite Thoothukudi Copper Plant sale timeline

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moneycontrol.com
By Moneycontrol News

Here is a timeline leading up to Vedantas decision to sell the plant

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A general view shows Sterlite Industries Ltd's copper plant in Tuticorin (File Image)

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In a surprise development, Vedanta group has put Sterlite Coppers Thoothukudi plant, which has been shut since 2018 over pollution concerns, up for sale.

The copper plant had provided direct and indirect employment to over 20,000 people, supported over 400 downstream industries with a combined workforce of almost 100,000, and indirectly ensured employment to more than 12,000 people in the logistics industry.

Also Read | Vedanta calls copper plant a 'national asset', floats EoI for bids; Shares plunge

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