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 …
Tamil Nadu Governor R.N. Ravi said on Thursday that if a Governor withholds assent to a Bill passed by the Assembly, it means the “Bill is dead”. Mr. Ravi said that withholding assent has been defined by the Supreme Court as “the Bill falling through”, implying that the Bill is dead. Ideally, it is discretion of the Governor to reserve …
Locals in Tamil Nadu's Thoothukudi district have intensified calls for banning Sterlite after Supreme Court ordered reopening of the plant allowed Vedanta's Sterlite Industries in Tuticorin to run its closed plan for oxygen production amid an acute shortage due to rising Covid cases. In Pandarampattti village in Thoothukudi, Tamil Nadu, locals staged a protest against the Supreme Court's order to …
After Supreme court gave a nod to National Green Tribunal’s decision to reopen the copper smelting plant in Tuticorin, Vedanta group has announced welfare projects worth Rs 100 crore for the residents of the district. Vedanta group has also announced that, in order to boost women empowerment, it will launch a scheme for 5000 women, and provide them with microcredit …
