Following Sterlite plant shutdown, India to face copper supply disruption

Following Sterlite plant shutdown, India to face copper supply disruption
30/05/2018 , by , in ALLIED

 Sterlite’s copper plant closure at Tuticorin, would force the industry to spend USD 2 billion in copper imports.

Shutting down 400,000 tonnes a year copper smelter in Tuticorin will reduce India’s copper production by about half, forcing imports.

Vedanta Sterlite Copper CEO P Ramnath said that the sudden and arbitrary decision of Tamil Nadu government to close down our copper smelter in Tuticorin will have far-reaching ramifications for the economy of not only the town and its adjoining villages but also the country.

The closure followed by the death of 13 people in police firing on locals protesting against alleged pollution by the plant. The Tuticorin facilities include a custom smelter, a refinery, a phosphoric acid plant, sulphuric acid plants and a copper rod plant. In addition, there is a captive power plant located in Tuticorin and a refinery and two copper rod plants operating in Silvassa, western India.
Industry sources said the state government’s decision to shut down the smelter is likely to result in a loss of 30,000 direct and indirect jobs.

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