News Details

( 08 Jan 2019)
Vedanta - Intimation Under Regulation 30 Of Securities And Exchange Board Of India (Listing Obligations And Disclosure Requir

In continuation to our Letter No. VEDL/Sec./SE./18-19/140 dated December 15, 2018, we are pleased to inform that the Supreme Court today post hearing of the Sterlite Copper matter (in the Civil Appeal No. 23 of 2019 filed by the State of TN & Others and the SLP(C) Nos.129-131/2019 filed by Vedanta Limited), has passed an order to uphold the NGT's order dated December 15, 2018, allowing Vedanta to reopen its Copper Smelter at Tuticorin.

The Supreme Court has further stayed the impugned order dated 21.12.2018 (which had granted status quo on the NGT order of 15.12.2018) passed by the Madurai Bench of the Madras High Court. The directions that have been passed by the NGT vide its judgement dated 15.12.2018 will continue to subsist and will be subject to the ultimate outcome of the appeal.

We are approaching the state government for necessary approvals for restarting the smelter as per SC directions

Request you to kindly take the above on record.