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Articles for Sterlite

Intent: China Plus One, Impact: India Minus One?
2 weeks ago

Intent: China Plus One, Impact: India Minus One?

The Hindu  

Governments the world over engage in self-protection overtly or covertly. Hence, a diversification strategy was formulated in 2013 and anointed ‘China Plus One.’ At its core, C+1 encourages companies to minimise their dependency on China for supply chain and manufacturing. India, with its political stability, infrastructure, ease of communicating in English, and state-of-the-art connectivity, began emerging as a “Plus One” …

India China Copper China Plus Sterlite Copper
Closure of Sterlite Copper plant harming Indian economy and posing challenges for future
2 weeks, 6 days ago

Closure of Sterlite Copper plant harming Indian economy and posing challenges for future

Op India  

On 20 December, protests erupted at Thoothukudi in Tamil Nadu, demanding the reopening of the Vedanta’s Sterlite Copper Plant which was closed on the Tamil Nadu government’s order, which was supported by courts. The closure of the Sterlite Copper plant had such widespread ramifications on the country’s copper trade that from being one of the top five exporters of copper …

India China Tamil Nadu Indian Closure Saudi Arabia Demand
Sterlite Copper Plant closure: Regret over job losses fuels protests
2 weeks, 6 days ago

Sterlite Copper Plant closure: Regret over job losses fuels protests

Op India  

On 20th December, members of the Indian National Trade Union Congress staged a protest demanding immediate action from the government to revive local industries and provide relief from the widespread joblessness in Thoothukudi, Tamil Nadu. However, following the closure of key industries, including the Sterlite Copper Plant, the region has been grappling with a severe unemployment crisis. Calls to reopen …

Court Closure Ngt Plant Thoothukudi Following Vedanta
Vedanta-owned Sterlite Power raises ₹725 crore from private equity investors to fuel expansion plans
3 weeks, 4 days ago

Vedanta-owned Sterlite Power raises ₹725 crore from private equity investors to fuel expansion plans

Live Mint  

Vedanta Ltd-owned Sterlite Power has raised ₹725 crore from foreign and domestic investors to fuel its expansion plans. Sterlite Power raised the funds from US-based GEF Capital Partners and Mumbai-based private equity firm ENAM Holdings. “The funds will be used for the ongoing capex expansion and drive strategic growth initiatives by enhancing production capabilities, accelerating new product development, and expanding …

Power Transmission Sterlite Sterlite Power
Vedanta Copper joins hands with Saudi Arabia to boost copper output, declares to invest $2 billion
1 month, 1 week ago

Vedanta Copper joins hands with Saudi Arabia to boost copper output, declares to invest $2 billion

Op India  

On Monday, December 2nd, Vedanta Copper International, a 100% subsidiary of Vedanta Ltd, signed a Memorandum of Understanding with the Kingdom of Saudi Arabia’s Ministry of Investments and Ministry of Industries and Mineral Resources. Currently, the Kingdom’s copper demand is around 365 KTPA, a figure anticipated to more than double by 2035, primarily met by imports at present,” the official …

India Saudi Arabia Billion Plant Kingdom Sterlite Copper Projects
US court orders Vedanta Group-owned Sterlite Tech to pay ₹810 crore to Prysmian for violating trade secrets: Report
4 months, 3 weeks ago

US court orders Vedanta Group-owned Sterlite Tech to pay ₹810 crore to Prysmian for violating trade secrets: Report

Live Mint  

A United States court has ordered Sterlite Technologies' foreign arm to pay ₹810 crore in damages to US-based Prysmian for violating trade secret norms, PTI reported on August 16. Further, a $2,00,000 penalty has also been levied on Stephen Szymanski, Executive Vice President for Americas Region at Sterlite Technologies Incorporated for "misappropriation" of Prysmian's trade secrets, the report said. "The …

Tech Sti Prysmian Szymanski Trade Secrets Sterlite Sterlite Technologies
2018 Firing At Anti-Sterlite Protests | Supreme Court Stays Madras HC Order For Probe Into Assets Of Police & Govt Officials
5 months, 1 week ago

2018 Firing At Anti-Sterlite Protests | Supreme Court Stays Madras HC Order For Probe Into Assets Of Police & Govt Officials

Live Law  

The Supreme Court on August 2 stayed the Madras High Court order which directed a fresh investigation by the Tamil Nadu Directorate of Vigilance and Anti–Corruption into the assets of the police and government officials accused in the 2018 Thoothukudi Police Firing at the anti-Sterlite protests. On July 15 the High Court directed the Tamil Nadu Directorate of Vigilance and …

Tamil Nadu Supreme Court Investigation 2018 Protests Report Officials
Sterlite Technologies Q1 results : loss at ₹48Cr, Revenue decreased by 19.97% YoY
5 months, 1 week ago

Sterlite Technologies Q1 results : loss at ₹48Cr, Revenue decreased by 19.97% YoY

Live Mint  

Sterlite Technologies Q1 Results Live : Sterlite Technologies declared their Q1 results on 30 Jul, 2024. It is noteworthy that Sterlite Technologies had declared a profit of ₹54cr in the previous fiscal year during the same period. Sterlite Technologies has delivered 2.7% return in the last 1 week, 3.69% return in the last 6 months, and 1.8% YTD return. Sterlite …

Technologies Sterlite Sterlite Technologies Jul Total Operating
Sterlite Power gets shareholders, creditors’ nod for demerger of transmission business
7 months, 2 weeks ago

Sterlite Power gets shareholders, creditors’ nod for demerger of transmission business

Live Mint  

New Delhi: Sterlite Power Transmission Ltd, has received the approval of its shareholders and creditors for the demerger of its transmission business from the company. “The vote on the demerger proposal received 100% approval from secured creditors, 99.26% approval from unsecured creditors, 99.99% from equity shareholders present and voting, and 100% by the non-fund-based lenders,” said a company statement. Empowering …

Business Power Company Transmission Sterlite Demerger Sterlite Power
BJP favoured Sterlite Copper unit, CM Stalin shut it down: Kanimozhi
9 months ago

BJP favoured Sterlite Copper unit, CM Stalin shut it down: Kanimozhi

New Indian Express  

THOOTHUKUDI/MADURAI/THENI: The BJP favoured the re-opening of the Sterlite Copper unit, said DMK General Secretary and incumbent MP Kanimozhi Karunanidhi during an election campaign near Kurukusalai, late on Thursday. She alleged that the AIADMK government gunned down 13 protesters, who came to petition the collector, during the anti-Sterlite protest in 2018, adding that the BJP government favoured the Sterlite Copper …

Madurai Bjp Dmk Thoothukudi Kanimozhi Sterlite Copper Unit
Sterlite Power unit’s CEO Manish Agarwal quits
9 months, 1 week ago

Sterlite Power unit’s CEO Manish Agarwal quits

Live Mint  

Manish Agarwal, CEO, global products and services and wholetime director, Sterlite Power Transmission Ltd, has resigned as the company prepares to launch an initial public offering. “It's with a heavy heart that I would like to inform you that Manish Agarwal, CEO - Global Products & Services, has decided to pursue his career outside Sterlite Power,” Pratik Agarwal wrote in …

Business Company Agarwal Sterlite Power Manish Agarwal Pratik Agarwal
Sterlite Power, Singapore’s GIC join hands for power transmission platform
9 months, 2 weeks ago

Sterlite Power, Singapore’s GIC join hands for power transmission platform

Live Mint  

Vedanta group company Sterlite Power and an affiliate of Singapore's sovereign wealth fund GIC have signed definitive agreements to set up a new platform to develop and operate power transmission projects in India. Pratik Agarwal, managing director, Sterlite Power said: “India's renewable vision calls for investments in transmission to unlock the full potential of 500 GW of renewable power. With …

India Power Transmission Gic Sterlite Sterlite Power
Sterlite Power Transmission may consider listing post demerger: MD
9 months, 2 weeks ago

Sterlite Power Transmission may consider listing post demerger: MD

Live Mint  

New Delhi: Sterlite Power Transmission Ltd, which will retain only its manufacturing vertical following the proposed demerger of the transmission business, may explore a public listing as part of its fundraising plans, said managing director Pratik Agarwal. The Vedanta group company's manufacturing arm, Global Products and Services, produces power transmission components, including conductors, power cables, and overhead wire cables. Agarwal, …

India Power Company Transmission Renewable Manufacturing Business
Thoothukudi: A timeline of protest and vindication
10 months, 1 week ago

Thoothukudi: A timeline of protest and vindication

Hindustan Times  

In 1994, the All India Anna Dravida Munnetra Kazhagam government of Tamil Nadu, led by the now deceased J. Jayalalithaa approved a copper smelting plant to be run by Vedanta-owned Sterlite Copper. It happened on the 100th day of a fresh bout of protests demanding permanent closure of the Vedanta-owned Sterlite Copper smelting plant in Thoothukudi, alleging that it caused …

India Tamil Nadu Supreme Court Protest Plant Dmk Thoothukudi
Sterlite plant in Tamil Nadu to remain shut, SC dismisses Vedanta plea
10 months, 1 week ago

Sterlite plant in Tamil Nadu to remain shut, SC dismisses Vedanta plea

Hindustan Times  

Vedanta’s copper smelting plant in Tamil Nadu’s Thoothukudi will stay closed, the Supreme Court ruled on Thursday, declaring that the plant’s contributions to the nation are subordinated to the public trust theory and sustainable development standards. Dismissing Vedanta’s plea, a bench led by Chief Justice of India Dhananjaya Y Chandrachud held that the 2020 Madras high court’s judgment affirming the …

India Tamil Nadu Court Pollution Control State Plant
Supreme Court dismisses plea seeking to reopen Thoothukudi Sterlite copper plant
10 months, 1 week ago

Supreme Court dismisses plea seeking to reopen Thoothukudi Sterlite copper plant

The Hindu  

The Supreme Court, on February 29, dismissed the special leave petition filed by Vedanta to reopen Thoothukudi Sterlite copper plant. The apex court upholds the Madras High Court judgment of August 2020 confirming the State government and TNPCB decision to permanently shut down plant for causing environmental violations. The apex court noted that though the Thoothukudi plant was contributing to …

Court Plant Thoothukudi
Supreme Court dismisses Vedanta’s plea seeking reopening of Sterlite copper plant in TN's Thoothukudi
10 months, 1 week ago

Supreme Court dismisses Vedanta’s plea seeking reopening of Sterlite copper plant in TN's Thoothukudi

India TV News  

​The Supreme Court on Thursday dismissed an appeal of the Vedanta group seeking direction for the reopening of its Sterlite copper plant in Tamil Nadu’s Thoothukudi. The Supreme Court, while dismissing the plea, said that the plant is a chronic violator of air and water pollution laws. Earlier in August 2020, the Madras High Court had rejected Vedanta’s plea for …

Supreme Court Court Vedanta Sterlite Copper
‘Vedanta can’t have free run’: SC on plea to reopen Sterlite plant
10 months, 2 weeks ago

‘Vedanta can’t have free run’: SC on plea to reopen Sterlite plant

Hindustan Times  

Vedanta cannot have a free run and go on polluting the environment, the Supreme Court observed on Thursday, mulling a fair balance between allowing the conglomerate to reopen its Sterlite Copper smelting plant in Tamil Nadu’s Thoothukudi and the environmental concerns associated with doing so. The court was referring to its suggestion made on February 14 when it urged the …

India Tamil Nadu Court Pollution State Plant Vedanta
Can’t allow reopening of plant straightaway: SC on Vedanta case
10 months, 2 weeks ago

Can’t allow reopening of plant straightaway: SC on Vedanta case

Hindustan Times  

The Supreme Court on Wednesday observed that it could not straightaway allow the reopening of Vedanta’s Sterlite copper smelting plant in Tamil Nadu’s Thoothukudi as it must also protect the “voiceless people” and the “well-being of the community living in the area.” The Supreme Court as hearing an appeal by the Sterlite Copper against a judgment of the Madras high …

India Tamil Nadu Court Pollution State Plant Thoothukudi
SC seeks ‘way forward’ from TN on restarting Sterlite plant
10 months, 3 weeks ago

SC seeks ‘way forward’ from TN on restarting Sterlite plant

Hindustan Times  

India is not a “banana republic” where industries can be shut without following the rule of law, the Supreme Court said on Wednesday, asking the Tamil Nadu government and its state pollution control board to suggest a “way forward” for restarting the shut Sterlite copper smelting plant owned by Vedanta in Tamil Nadu’s Thoothukudi. But we want you to suggest …

India Tamil Nadu Board Pollution Control Order State
SC proposes expert panel to examine Vedanta’s Sterlite Copper plant’s future
10 months, 3 weeks ago

SC proposes expert panel to examine Vedanta’s Sterlite Copper plant’s future

Live Mint  

The Supreme Court proposed the formation of an expert committee on Wednesday to examine the future of Vedanta's Sterlite Copper plant in Thoothukudi, Tamil Nadu. During the hearing, senior advocate Shyam Divan, representing Vedanta, argued that the plant was shut down by the Tamil Nadu government despite having all necessary consents and approvals, citing issues like the absence of a …

India Tamil Nadu Court Tamil Plant Nadu Thoothukudi
Closure of Sterlite Copper unit in Tamil Nadu: Supreme Court to consider hearing Vedanta’s plea
1 year ago

Closure of Sterlite Copper unit in Tamil Nadu: Supreme Court to consider hearing Vedanta’s plea

The Hindu  

The Supreme Court has agreed to consider hearing the Vedanta group's plea related to the closure of its Sterlite Copper unit in Tamil Nadu's Thoothukudi on January 2. Supreme Court’s order The Supreme Court, in May last year, had asked the Tamil Nadu government to take appropriate decisions in pursuance of its April 10 direction by which it had allowed …

Tamil Nadu Supreme Court Tamil State Nadu Vedanta Sterlite Copper Unit
Sterlite Copper Deploys Boats to Rescue Flood Victims in Tuticorin, Distributes Meals and Relief Kits
1 year ago

Sterlite Copper Deploys Boats to Rescue Flood Victims in Tuticorin, Distributes Meals and Relief Kits

News 18  

In response to the recent catastrophic floods wreaking havoc in parts of Tamil Nadu, Sterlite Copper has deployed boats to rescue individuals stranded in areas inundated by floodwater and is distributing 25,000 meals per day through a live kitchen, with plans to provide up to 1,00,000 meals. “Sterlite Copper has once again demonstrated its commitment to community welfare by initiating …

Flood Affected Copper Sterlite Tuticorin Sterlite Copper
Chargesheet in Sterlite firing case rejected
1 year, 1 month ago

Chargesheet in Sterlite firing case rejected

The Hindu  

The Chief Judicial Magistrate, Madurai, has declined to accept the chargesheet filed by the Central Bureau of Investigation in the Thoothukudi police firing on May 22, 2018, in which 13 anti-Sterlite protesters were killed. Chief Judicial Magistrate A. Pasumpon Shunmugiah directed the CBI to carry out further investigation and file a report in six months. The de facto complainant said …

Cbi Chargesheet Filed