Vedanta Rallies as Tribunal Orders Indian Copper Smelter Restart
- Tribunal ruling says plant can resume with some riders
- Shares jump to pare losses of 37 percent so far this year
Photographer: Waldo Swiegers/Bloomberg
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Shares of billionaire Anil Agarwal’s Vedanta Ltd. surged in Mumbai after the country’s National Green Tribunal said the company could restart its copper smelter that accounts for nearly half of India’s output.