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Company Vedanta Resources PLC
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Update on Tuticorin Smelter

Released 07:01 02-Apr-2013
Number 2825B07

RNS Number : 2825B
Vedanta Resources PLC
02 April 2013
 



2 April 2013

Vedanta Resources plc

Sterlite Industries (India) Limited: Update on Tuticorin Smelter

 

Vedanta Resources plc's subsidiary, Sterlite Industries (India) Limited issued the following release.

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Sterlite Industries (India) Limited: Update on Tuticorin Smelter

 

Sterlite Industries (India) Limited has been operating its copper smelter in Tuticorin for the last 17 years with requisite approvals and consents issued by regulatory authorities. The plant adheres to the highest standards of environment, health and safety practices, benchmarked to international standards. The plant has undergone continuous upgradation of technology over the years, including the implementation of numerous environmental upgradation measures based on recommendations of TNPCB, NEERI and CPCB in the last two years.

 

In response to a few public complaints of emission, on 23 March, 2013, Tamil Nadu Pollution Control Board (TNPCB) carried out a preliminary inspection. We provided to TNPCB all the technical details of the operations which confirms that all parameters and key readings of the particular period of 23 March, were well within the permissible range. The District Administration also issued a press note confirming that no case of illness was reported on account of alleged emission, based on a report by District health officials.

 

Since all parameters were found within permissible levels and there were no cases of illness, we believe that this should have been the subject matter of detailed technical evaluation by TNPCB. However, TNPCB has ordered closure of the plant. We will engage with TNPCB to explain the factual position and are committed to co-operate fully with the authorities in this regard, in order to be able to restart operations.

 

For further information, please contact:

Investors

Ashwin Bajaj

Senior Vice President - Investor Relations

Vedanta Resources plc

 

ir@vedanta.co.in

Tel:  +91 22 6646 1531

 

Media

Gordon Simpson

Finsbury

Tel:  +44 20 7251 3801

 

About Vedanta Resources plc

Vedanta Resources plc ("Vedanta") is a London listed FTSE 100 diversified global natural resources major. The group produces aluminium, copper, zinc, lead, silver, iron ore, oil & gas and commercial energy. Vedanta has operations in India, Zambia, Namibia, South Africa, Ireland, Liberia, Australia and Sri Lanka. With an empowered talent pool globally, Vedanta places strong emphasis on partnering with all its stakeholders based on the core values of entrepreneurship, excellence, trust, inclusiveness and growth. For more information, please visit www.vedantaresources.com.

Disclaimer

This press release contains "forward-looking statements" - that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance, and often contain words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "should" or "will." Forward-looking statements by their nature address matters that are, to different degrees, uncertain. For us, uncertainties arise from the behaviour of financial and metals markets including the London Metal Exchange, fluctuations in interest and or exchange rates and metal prices; from future integration of acquired businesses; and from numerous other matters of national, regional and global scale, including those of a political, economic, business, competitive or regulatory nature. These uncertainties may cause our actual future results to be materially different that those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements.


This information is provided by RNS
The company news service from the London Stock Exchange
 
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Update on Tuticorin Smelter - RNS