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InFocus News

‘Vedanta Lost $200 Mn in Profits in Tuticorin Plant Shutdown’

Anil Agarwal , Chairman of Vendanta informed that the stoppage of production at the Tuticorin plant of the firm's unit Sterlite led to the country having to import copper, spending precious foreign exchange. "We have lost about USD 200 million in bottomline (profits)," he said.

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SMEStreet Desk
17 Jun 2019 05:50 IST

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Odisha, Vendanta, anil Agarwal

Anil Agarwal-led Vedanta Ltd has lost about $200 million in profits ever since its copper smelter plant in Tamil Nadu was shut more than a year back after police fired on protesters and killed 13 people, Group Chairman Agarwal said.

He added that the stoppage of production at the Tuticorin plant of the firm's unit Sterlite led to the country having to import copper, spending precious foreign exchange. "We have lost about USD 200 million in bottomline (profits)," he said.

Vedanta Tuticorin Plant
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