It ,ay get worse for Vedanta amid concern that its Sterlite copper smelter in Tamil Nadu could remain shut until 2019. Photo: PTIMumbai: A troubled 2018 so far for billionaire Anil Agarwal’s Vedanta Ltd may get worse amid concern that its key copper smelter in southern India could remain shut until 2019, further pressuring a stock that’s down 25% since the start of the year. Deadly protests last week over alleged pollution from the Tuticorin smelter have prolonged a shutdown of the 400,000 metric ton-a-year operation. The closure was extended in the face of mounting opposition from villagers over allegations that pollution was hurting locals’ health. In the case of the copper unit, “it is a political issue and we need to see how it gets resolved,” he said.

Source: Mint May 28, 2018 06:22 UTC