Will pursue all available legal remedies: Sterlite Copper CEO after Madras High Court verdict



Sterlite Copper CEO Pankaj Kumar on Tuesday said the Madras High Court verdict disallowing reopening of its plant in Tuticorin, Tamil Nadu, comes as an ‘utter shock’ to the company’s employees and thousands of small businesses, entrepreneurs and community members dependent on the plant’s continued operations.
“We firmly believe in the safe and environmentally sound nature of our operations and are discouraged by the wilful reliance on anecdotal evidence and half-truths by certain parties to spread falsehoods against our operations. It is also disheartening to note that at a time when our nation is forced to depend on hostile neighbours for copper imports, certain forces are conspiring to stifle our nation’s ability to be an independent copper manufacturer. At no point in our operations were any concerns of pollution raised by the appropriate authorities. We will therefore be pursuing all available legal remedies in the pursuit of justice over the coming days,” Kumar said.
Related News
The Madras HC on Tuesday rejected a plea from mining giant Vedanta for allowing reopening of its Sterlite copper unit at Tuticorin, which has been closed since May 2018 over pollution concerns.
Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.
Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.
Add Comment