SC Allows Vedanta To Operate Its Tuticorin Plant For Oxygen Production

The Supreme Court on April 27 permitted Vedanta Ltd to run its Tamil Nadu-based Tuticorin plant only for producing medical grade oxygen. Creating a committee under the Tuticorin collector, the apex court asked to conduct safety audit before production. However, the court explicitly disallowed Vedanta to operate its copper smelting plant, closed since three years due to pollution. Notably, Vedanta’s shares increased by over 2% after the announcement.