India: Vedanta Copper plant that once contributed 40% of nat

India: Vedanta Copper plant that once contributed 40% of national demand, up for sale

Vedanta Limited, a metals and mining conglomerate issued an advertisement on Monday, saying that its Sterlite Copper Smelter in Tuticorin, Tamil Nadu is up for sale. Mentioning that the plant facilities included a Refinery, Copper Rod Plant, 160MW captive power plant, Sulphuric Acid plant, phosphoric acid plant and a residential colony etc, the parent company Vedanta invited Expression of Interest from prospective buyers. This announcement gains significance because of the chequered history of this facility, which had been operating in Southern India.

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