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    Vedanta Limited  565  0 Kommentare Update on Tuticorin Smelter

    MUMBAI, India, May 24, 2018 /PRNewswire/ -- Further to our announcement on April 10, 2018 and March 27, 2018, the Tamil Nadu Pollution Control Board (TNPCB) vide its order dated May 23, 2018 ordered disconnection of electricity supply and closure of the Company's 'Copper Smelter Plant 1 at Thoothukkudi District, Tamil Nadu' under provisions of Section 33A of the Water (Prevention and Control of Pollution) Act, 1974 and Section 31A of Air (Prevention and Control of Pollution) Act, 1971, with immediate effect. The plant was not operating since March 27, 2018 as informed earlier vide the above said announcements.

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    We continue to work with the regulatory authorities, at all time ensuring compliance with the necessary regulations.

    In terms of Regulation 30 of the SEBI Listing Regulations, please note that the said Copper Smelter has contributed ~Rs. 1,373 Crore i.e. ~5.4% of the consolidated EBIDTA during the last financial year 2017-18  and the carrying value of property, plant and equipment as at March 31, 2018 was ~Rs. 2,131 Crore i.e. ~2% of total assets.

    About Vedanta Limited

    Vedanta Limited is a diversified natural resources company, whose business primarily involves producing oil & gas, zinc - lead - silver, aluminium, copper, iron ore and commercial power. The company has a presence across India, South Africa and Namibia. Vedanta Ltd has a portfolio of world-class, low-cost, scalable assets that consistently generate strong profitability and have robust cash flows. The company holds industry-leading market shares across its core divisions.

    Vedanta Limited is the Indian subsidiary of Vedanta Resources Plc, a London-listed company. Governance and Sustainable Development are at the core of Vedanta's strategy, with a strong focus on health, safety and environment and on enhancing the lives of local communities. The company is conferred with the Confederation of Indian Industry (CII) 'Sustainable Plus Platinum label', ranking among the top 10 most sustainable companies in India. To access the Vedanta Sustainable Development Report 2017, please visit http://sd.vedantaresources.com/SustainableDevelopment2016-17/

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    Vedanta Limited Update on Tuticorin Smelter MUMBAI, India, May 24, 2018 /PRNewswire/ - Further to our announcement on April 10, 2018 and March 27, 2018, the Tamil Nadu Pollution Control Board (TNPCB) vide its order dated May 23, 2018 ordered disconnection of electricity supply and closure of …