The Sterlite copper plant in Thoothukudi contributed 5% of Vedanta’s operating profits last fiscal. Graphic: MintThe National Green Tribunal’s (NGT) decision to let Vedanta Ltd resume operations at its Sterlite copper plant in Thoothukudi, Tamil Nadu, has brought some respite for investors. The Sterlite copper plant in Thoothukudi contributed 5% of Vedanta’s operating profits last fiscal. The Tamil Nadu government plans to appeal against the NGT decision in the Supreme Court. Even if the apex court upholds the NGT decision, it has to be seen how the state government takes it forward.

Source: Mint December 19, 2018 04:41 UTC