Vedanta Resources PLC Update on Tuticorin Smelter (2259P)
May 24 2018 - 8:05AM
UK Regulatory
TIDMVED
RNS Number : 2259P
Vedanta Resources PLC
24 May 2018
Vedanta Resources plc
16 Berkeley Street
London W1J 8DZ
Tel: +44 (0) 20 7499 5900
Fax: +44 (0) 20 7491 8440
www.vedantaresources.com
24 May 2018
Vedanta Resources plc
Update on Tuticorin Smelter
Vedanta Resources plc's subsidiary Vedanta Limited today made
the below announcement.
The Tamil Nadu Pollution Control Board (TNPCB) vide its order
dated May 23, 2018 ordered disconnection of electricity supply and
closure of the Company's 'Copper Smelter Plant 1 at Thoothukkudi
District, Tamil Nadu' under provisions of Section 33A of the Water
(Prevention and Control of Pollution) Act, 1974 and Section 31A of
Air (Prevention and Control of Pollution) Act, 1971, with immediate
effect. We would also like to inform that the plant was not
operating since March 27, 2018.
We continue to work with the regulatory authorities, at all time
ensuring compliance with the necessary regulations.
In terms of Regulation 30 of the SEBI Listing Regulations,
please note that the said Copper Smelter has contributed Rs. 1,373
Crore i.e. 5.4% of the consolidated EBIDTA during the last
financial year 2017-18 and the carrying value of property, plant
and equipment as at March 31, 2018 was Rs. 2,131 Crore i.e. 2% of
total assets.
For further information, please contact:
Communications Finsbury
Arun Arora Daniela Fleischmann
Head, Corporate Communications Tel: +44 20 7251 3801
Tel: +91 124 459 3000
gc@vedanta.co.in
Investors
Rashmi Mohanty Tel: +44 20 7659 4732
Director - Investor Relations Tel: +91 22 6646 1531
ir@vedanta.co.in
Sunila Martis
Associate General Manager
- Investor Relations
Veena Sankaran
Manager - Investor Relations
About Vedanta Resources
Vedanta Resources plc ("Vedanta") is a London listed diversified
global natural resources company. The group produces aluminium,
copper, zinc, lead, silver, iron ore, oil & gas and commercial
energy. Vedanta has operations in India, Zambia, Namibia and South
Africa. With an empowered talent pool globally, Vedanta places
strong emphasis on partnering with all its stakeholders based on
the core values of trust, sustainability, growth, entrepreneurship,
integrity, respect and care. To access the Vedanta Sustainable
Development Report 2017, please visit
http://www.vedantaresources.com/media/214366/vedanta_sd_report_2016-17.pdf.
For more information on Vedanta Resources, please visit
www.vedantaresources.com
Disclaimer
This press release contains "forward-looking statements" - that
is, statements related to future, not past, events. In this
context, forward-looking statements often address our expected
future business and financial performance, and often contain words
such as "expects," "anticipates," "intends," "plans," "believes,"
"seeks," "should" or "will." Forward-looking statements by their
nature address matters that are, to different degrees, uncertain.
For us, uncertainties arise from the behaviour of financial and
metals markets including the London Metal Exchange, fluctuations in
interest and/or exchange rates and metal prices; from future
integration of acquired businesses; and from numerous other matters
of national, regional and global scale, including those of a
political, economic, business, competitive or regulatory nature.
These uncertainties may cause our actual future results to be
materially different that those expressed in our forward-looking
statements. We do not undertake to update our forward-looking
statements.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
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contact rns@lseg.com or visit www.rns.com.
END
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