Published On:January 24 2014
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Sterlite to undertake Rs. 2,500-cr expansion programme in TN.
After the expansion, the plant, which had earlier faced legal battles over alleged environment issues, will be Asia's largest copper manufacturing facility at a single location
Sterlite Industries, a subsidiary of the $15-billion Vedanta Resources, is set to carry out a Rs. 2,500-crore expansion programme, including doubling copper manufacturing capacity and setting up two 80-MW power projects, at its copper smelter plant at Tuticorin, Tamil Nadu. After the proposed expansion, the plant, which had earlier faced legal battles over alleged environment issues, will be Asia's largest copper manufacturing facility at a single location.
The plant's current capacity is 400,000 tonnes a year.
P Ramnath, chief executive officer of Sterlite's copper business, said the company hoped in six months, all formalities and legal issues regarding the programme would be sorted.
BS