Saturday, 26 November, 2022

Topic: Vedanta

Shut since 2018 violence, TN Sterlite plant’s closure cost economy Rs 14,749 cr, says study

Copper plant in Thoothukudi was closed after protests turned violent & police firing left 13 people dead. Job losses one of major impacts, says study by NGO CUTS International.

Vedanta & Taiwan’s Foxconn meet Maharashtra CM Shinde to take forward ‘$22bn semiconductor unit’

Unit is expected to generate around 2 lakh jobs & is likely to come up in Talegaon, Pune due to its industrial infrastructure and supply of skilled manpower, says Maharashtra govt.

Vedanta’s Sterlite Copper begins production of medical oxygen, dispatches first batch

The Sterlite copper smelter plant was given approval by the then AIADMK government on 26 April to produce medical oxygen at its Tuticorin facility for a period of four months.

SC allows Vedanta’s Sterlite to reopen oxygen plant due to ‘national need’

The apex court asked Tamil Nadu to form a panel, including the district collector and the Thoothukudi superintendent of police, to monitor activities at Vedanta's oxygen plant.

3 yrs after its TN plant shut down, Vedanta plans to set up copper smelter in ‘coastal state’

Vedanta invites Expression of Interest, says the 'mega project' will provide direct and indirect employment to 10,000 people.

Rising interest rates are squeezing Anil Agarwal’s bid to take control of Vedanta

The billionaire's personal holding company, Vedanta Resources, has amassed about $7 billion of debt and faces a far less receptive bond market than it did in early 2020.

Vedanta’s Anil Agarwal seeks $5 billion for turnaround fund to invest in PSUs

Anil Agarwal plans to buy companies over a five-year period and then boost their profitability before seeking an exit.

‘In economy vs environment, latter reigns supreme’ — why HC upheld Vedanta plant closure

Madras HC dismisses Vedanta’s claims of being ‘victimised’ with the closure of its Sterlite Copper plant in Tamil Nadu’s Thoothukudi.

Only concern is environment, Madras HC says & rejects Vedanta plea to reopen Sterlite plant

Vedanta's Tuticorin plant stopped operations for maintenance in March 2018 & later extended shutdown due to mounting opposition from villagers against it.

Bombardier, Vedanta & GMR among 16 companies interested in running private trains in India

These companies took part in the first pre-application conference for running private trains Tuesday. The Modi government has moved to privatise 151 trains.

On Camera


Illustration by Prajna Ghosh, ThePrint

Mean or nice? It’s time for India to decide what kind of economic policy it wants to follow

Hypocrisies of yesterday’s rule-makers contribute to India’s nationalist impulse, but it must choose if it wants to be admired for its soft power or be seen as an arbitrary state.
Representational image | Wiki Commons

How India-Australia FTA is set to boost trade that’s already at a record high

While the bulk of the trade between India and Australia is so far in the energy sector, the FTA is expected to broaden this to include other goods and services.


File photo of French Defence Minister Sebastien Lecornu | Twitter/@SebLecornu

French Defence Minister Sebastien Lecornu set for India visit, to board INS Vikrant on 27 Nov

Lecornu's visit comes at a time when France is offering more Rafale jets to IAF at a reduced cost and higher indigenous content besides the naval version of the aircraft.

A Gujarat gamble: A likely reason Rahul is not giving Modi a fight this assembly election

I'd rather not buy idea that Rahul's holding his fire until 2024. More likely, Congress believes Karnataka offers best chance of winning a Gujarat-sized state if Gujarat is too challenging.