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Sterlite Copper unit shutdown led to Rs 20,000 crore loss to economy, says CEO

Updated : July 31, 2018 05:29 PM IST

The closure of Vedanta's Sterlite Copper unit in Tamil Nadu has led to rise in import of copper worth $2 billion and export loss of over $1.5 billion, resulting in an overall loss of Rs 20,000 crore to the economy, a top company official on Tuesday said.
The statement comes amid National Green Tribunal (NGT) refusing to grant any interim relief to Vedanta, which has challenged Tamil Nadu government's order to permanently shut down the unit.
The state government had in May ordered the pollution control board to seal and "permanently" close the plant, following violent protests over pollution concerns.
Sterlite Copper unit shutdown led to Rs 20,000 crore loss to economy, says CEO
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