The metals and mining conglomerate has posted an advertisement inviting EoIs by July 4
File image of Vedanta’s Sterlite plant in Tuticorin (Image Source: Mongabay)
Vedanta has invited Expression of Interest (EoI) for its Tuticorin-based smelter, which has been shut since mid-2018, following a Tamil Nadu government order. The last day to submit EoI is July 4th, and the bids have been invited in conjunction with Axis Capital.
Plant units, including oxygen generation facility as well as residential homes, are also part of the sale offer. The plant has faced closures over alleged violation of environmental norms.
Vedanta has issued an advertisement inviting bids for the unit – Sterlite Copper, which accounted for 40 percent of India’s copper output, before it was closed. At the time of closure, it employed 5,000 people directly, and another 25,000 indirectly.
Vedanta has advertised for EoIs in its Tuticorin copper plant
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