InvestorQ : Is it true that Vedanta plans to sell the Sterlite plant in Thoothukudi?
Aditi Sharma made post

Is it true that Vedanta plans to sell the Sterlite plant in Thoothukudi?

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Mahima Roy answered.
2 weeks ago
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Anil Agarwal of Vedanta may have finally decided to throw in the towel on its copper smelting plant at Thoothukudi in Tamil Nadu. It has been lying shut since May 2018 when police fired at protestors leading to the death of 13 people. The protests intensified after it was decided to hike copper smelting capacity from 4 lakh tonnes to 8 lakhs tonnes per annum. EOI is being invited in conjunction with Axis Capital. The renewable energy sector and the manufacture of electrical vehicles require abundant quantities of copper.

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