Sterlite Industries (India) Limited: Supreme Court Reverses High Court
Closure Order on Tuticorin Smelter
TUTICORIN, India -- April 03, 2013
The Hon'ble Supreme Court of India vide its judgment dated April 02, 2013 has
allowed the appeal of the Company and set aside the judgment of the Madras
High Court order dated September 29, 2010 vide which the Company's Tuticorin
Smelter was ordered to be closed.
The Company had appealed against the Madras High Court order closing the
Tuticorin Smelter (Unit). The Apex Court had initially stayed the Madras High
Court judgment vide interim order dated 01-10-2010.
The Apex Court had appointed a team of NEERI, TNPCB and CPCB to carry out
inspection of the Unit. NEERI submitted its report confirming that the Unit
meets the required standards and made certain recommendations for
improvements, which were implemented.
The Hon'ble Supreme Court after being satisfied has allowed the appeal of the
Company. The Apex Court as part of environment commitment of the Company has
asked to deposit Rs.100 crore to the Collector, Tuticorin. This money will be
kept in a Nationalized bank and the interest will be used to improve the air
and water environment of Tuticorin.
We welcome the judgment given by the Hon'ble Supreme Court. We will continue
to work in close association with the Government of Tamil Nadu and other
regulatory bodies, towards maintaining highest standards of Health, Safety and
About Sterlite Industries
Sterlite Industries (India) Limited is India's largest diversified metals and
mining company. The company produces aluminium, Copper, zinc, lead, silver,
and commercial energy and has operations in India, Australia, Namibia, South
Africa and Ireland. The company has a strong organic growth pipeline of
projects. Sterlite Industries is listed on the Bombay Stock Exchange and
National Stock Exchange in India and the New York Stock Exchange in the United
States. For more information, please visit www.sterlite-industries.com
Sterlite Industries (India) Limited
Ashwin Bajaj, +91 22 6646 1531
Senior Vice President – Investor Relations
Sheetal Khanduja, +91 22 6646 1531
AGM – Investor Relations
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