The Supreme Court has proposed a bipartisan expert committee to investigate the reopening of Vedanta s Sterlite copper plant in Tuticorin, Tamil Nadu. The committee could consider compensation for non-compliance, but the Tamil Nadu government and others argue that certain things cannot be compensated. The court emphasized that India should not lose an asset but also put Vedanta under terms. The plant has remained shut since mid-2018 due to protests over pollution.
Court-directed closed units should be allowed maintenance in the interim: Experts newkerala.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newkerala.com Daily Mail and Mail on Sunday newspapers.
While the court or any judicial body may decide based on merits, allowing maintenance activities in such closed units would not just help promoters to save cost and time to restart; the economy will also be benefitted. This is primarily because any such closure leads to loss to the exchequer, rising unemployment, growing imports and increased forex outgo. The sooner these units restart the better for the overall economy.
While the court or any judicial body may decide based on merits, allowing maintenance activities in such closed units would not just help promoters to save cost and time to restart; the economy will also be benefitted. This is primarily because any such closure leads to loss to the exchequer, rising unemployment, growing imports and increased forex outgo. The sooner these units restart the better for the overall economy.
Even as the Supreme Court's order on the closure of Sterlite's Tuticorin copper unit is pending, a clamour is growing across various sections of the society for allowing the managements of such court-directed closed units to carry out .