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Sterlite Copper: Difference between revisions
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In 1992 Maharashtra Industrial Development Corporation (MIDC) allotted plot in [[Ratnagiri]] district's Zadgaon village.<ref>{{Cite web|last=|first=|date=|title=Sesa Sterlite gets relief from Bombay High Court in Ratnagiri land case|url=https://economictimes.indiatimes.com/industry/indl-goods/svs/metals-mining/sesa-sterlite-gets-relief-from-bombay-high-court-in-ratnagiri-land-case/articleshow/42134447.cms?from=mdr|access-date=|website=}}</ref> On December 13, 1993, over 30,000 people of the city marched to the unit and demolished the quarters for the construction workers and some other structures.<ref>{{Cite web|last=|first=|date=|title=Copper unit comes a cropper|url=https://www.downtoearth.org.in/coverage/copper-unit-comes-a-cropper-31911|access-date=|website=}}</ref><ref>{{Cite web|last=|first=|date=|title=Evicted from Ratnagiri|url=https://frontline.thehindu.com/cover-story/evicted-from-ratnagiri/article10108645.ece|access-date=|website=}}</ref> After that incident Sterlite has been relocated to [[Tuticorin|Thoothukudi]]. | In 1992 Maharashtra Industrial Development Corporation (MIDC) allotted plot in [[Ratnagiri]] district's Zadgaon village.<ref>{{Cite web|last=|first=|date=|title=Sesa Sterlite gets relief from Bombay High Court in Ratnagiri land case|url=https://economictimes.indiatimes.com/industry/indl-goods/svs/metals-mining/sesa-sterlite-gets-relief-from-bombay-high-court-in-ratnagiri-land-case/articleshow/42134447.cms?from=mdr|access-date=|website=}}</ref> On December 13, 1993, over 30,000 people of the city marched to the unit and demolished the quarters for the construction workers and some other structures.<ref>{{Cite web|last=|first=|date=|title=Copper unit comes a cropper|url=https://www.downtoearth.org.in/coverage/copper-unit-comes-a-cropper-31911|access-date=|website=}}</ref><ref>{{Cite web|last=|first=|date=|title=Evicted from Ratnagiri|url=https://frontline.thehindu.com/cover-story/evicted-from-ratnagiri/article10108645.ece|access-date=|website=}}</ref> After that incident Sterlite has been relocated to [[Tuticorin|Thoothukudi]]. | ||
Sterlite operated the largest copper smelter plant in India, in [[Tuticorin|Thoothukudi]] from 1998 to 2018. The plant was not operational from March 2018 and was shut down by the [[Government of Tamil Nadu]] on 28 May 2018 after protests from locals. The plant also included a refinery, a phosphoric acid plant and a sulphuric acid plant.<ref name=":4">{{Cite web|url=https://thewire.in/environment/anti-sterlite-protests-fuelled-by-weak-sanctions-and-political-connections|title=As Sterlite Plant Expands, a City Erupts in Protest - The Wire|website=The Wire|access-date=2018-04-19}}</ref>The company's main operating subsidiaries are [[Hindustan Zinc]] Limited for its zinc and lead operations; Copper Mines of Tasmania Pty Limited for its copper operations in Australia; and Bharat Aluminium Company Limited for its aluminium operations. It also operates a copper mine in Australia.<ref>{{cite news |url= https://www.reuters.com/finance/stocks/companyProfile?symbol=SLT|archive-url= https://archive.today/20130201140556/http://www.reuters.com/finance/stocks/companyProfile?symbol=SLT|url-status= dead|archive-date= 1 February 2013|title=Sterlite Industries India Ltd (SLT) Company Profile | Reuters.com|work=reuters.com |year=2011 |accessdate=19 May 2011}}</ref> | Sterlite operated the largest copper smelter plant in India, in [[Tuticorin|Thoothukudi]] from 1998 to 2018. The plant was not operational from March 2018 and was shut down by the [[Government of Tamil Nadu]] on 28 May 2018 after protests from locals. The plant also included a refinery, a phosphoric acid plant and a sulphuric acid plant.<ref name=":4">{{Cite web|url=https://thewire.in/environment/anti-sterlite-protests-fuelled-by-weak-sanctions-and-political-connections|title=As Sterlite Plant Expands, a City Erupts in Protest - The Wire|website=The Wire|access-date=2018-04-19}}</ref> The company's main operating subsidiaries are [[Hindustan Zinc]] Limited for its zinc and lead operations; Copper Mines of Tasmania Pty Limited for its copper operations in Australia; and Bharat Aluminium Company Limited for its aluminium operations. It also operates a copper mine in Australia.<ref>{{cite news |url= https://www.reuters.com/finance/stocks/companyProfile?symbol=SLT|archive-url= https://archive.today/20130201140556/http://www.reuters.com/finance/stocks/companyProfile?symbol=SLT|url-status= dead|archive-date= 1 February 2013|title=Sterlite Industries India Ltd (SLT) Company Profile | Reuters.com|work=reuters.com |year=2011 |accessdate=19 May 2011}}</ref> | ||
On 23 Feb 2001, Sterlite bought 51% stake in Bharat Aluminium Co. from the government of India by $118.5 million.<ref>{{cite news|url=http://news.bbc.co.uk/2/hi/business/1222115.stm| title=Sterlite buys 51% BALCO stake | work=BBC News | date=9 May 2001}}</ref> In September 2013, SESA Goa, Sterlite Industries and Vedanta Aluminium merged to form [[Sesa Sterlite Limited]].<ref>{{cite web|url=http://www.sesasterlite.com/know-us/key-facts.aspx|title=Key Facts|publisher=Sesa Sterlite|access-date=18 February 2014}}</ref> | On 23 Feb 2001, Sterlite bought 51% stake in Bharat Aluminium Co. from the government of India by $118.5 million.<ref>{{cite news|url=http://news.bbc.co.uk/2/hi/business/1222115.stm| title=Sterlite buys 51% BALCO stake | work=BBC News | date=9 May 2001}}</ref> In September 2013, SESA Goa, Sterlite Industries and Vedanta Aluminium merged to form [[Sesa Sterlite Limited]].<ref>{{cite web|url=http://www.sesasterlite.com/know-us/key-facts.aspx|title=Key Facts|publisher=Sesa Sterlite|access-date=18 February 2014}}</ref> | ||
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In the meanwhile, the Tamil Nadu Pollution Control Board on March, 2013 re-ordered a closure of the plant on grounds of leakage of gas, leading to nausea and skin irritation among local inhabitants.<ref name=":1" /><ref name=":2">{{cite news|url=http://www.thehindu.com/news/national/tamil-nadu/sterlites-copper-smelter-unit-in-tn-shut-down/article4564051.ece|title=TN government orders closure of Sterlite copper smelter|date=31 March 2013|newspaper=The Hindu|accessdate=17 February 2014|location=Chennai, India}}</ref><ref>{{Cite news|url=http://www.dnaindia.com/india/report-vedanta-group-s-copper-plant-ordered-to-be-shut-down-1817270|title=Vedanta group's copper plant ordered to be shut down {{!}} Latest News & Updates at Daily News & Analysis|date=2013-03-30|work=dna|access-date=2018-04-19|language=en-US}}</ref> | In the meanwhile, the Tamil Nadu Pollution Control Board on March, 2013 re-ordered a closure of the plant on grounds of leakage of gas, leading to nausea and skin irritation among local inhabitants.<ref name=":1" /><ref name=":2">{{cite news|url=http://www.thehindu.com/news/national/tamil-nadu/sterlites-copper-smelter-unit-in-tn-shut-down/article4564051.ece|title=TN government orders closure of Sterlite copper smelter|date=31 March 2013|newspaper=The Hindu|accessdate=17 February 2014|location=Chennai, India}}</ref><ref>{{Cite news|url=http://www.dnaindia.com/india/report-vedanta-group-s-copper-plant-ordered-to-be-shut-down-1817270|title=Vedanta group's copper plant ordered to be shut down {{!}} Latest News & Updates at Daily News & Analysis|date=2013-03-30|work=dna|access-date=2018-04-19|language=en-US}}</ref> | ||
The group has steadfastly denied accusations of any wrongdoing, throughout.<ref name=": | The group has steadfastly denied accusations of any wrongdoing, throughout.<ref name=":3" /><ref name=":2" /> | ||
In March and April 2018, there were renewed mass-protests against the company's plans of setting up a second smelting complex and demands of an entire shutdown of the smelting plants, on grounds of violating environmental regulations were raised.<ref>{{cite web|url=https://timesofindia.indiatimes.com/city/chennai/protests-against-sterlite-in-tuticorin-enter-50th-day/articleshow/63590344.cms|title=Protests against Sterlite in Tuticorin enter 50th day|publisher=Times of India|access-date=9 April 2018}}</ref><ref name=":0">{{Cite news|url=http://www.newindianexpress.com/states/tamil-nadu/2018/mar/29/ban-sterlite-thousands-of-protesters-hit-the-streets-demanding-closure-of-copper-plant-in-thoothu-1792667.html|title='Ban Sterlite': Thousands of protesters hit the streets demanding closure of copper plant in Thoothukudi|work=The New Indian Express|access-date=2018-04-19}}</ref> | In March and April 2018, there were renewed mass-protests against the company's plans of setting up a second smelting complex and demands of an entire shutdown of the smelting plants, on grounds of violating environmental regulations were raised.<ref>{{cite web|url=https://timesofindia.indiatimes.com/city/chennai/protests-against-sterlite-in-tuticorin-enter-50th-day/articleshow/63590344.cms|title=Protests against Sterlite in Tuticorin enter 50th day|publisher=Times of India|access-date=9 April 2018}}</ref><ref name=":0">{{Cite news|url=http://www.newindianexpress.com/states/tamil-nadu/2018/mar/29/ban-sterlite-thousands-of-protesters-hit-the-streets-demanding-closure-of-copper-plant-in-thoothu-1792667.html|title='Ban Sterlite': Thousands of protesters hit the streets demanding closure of copper plant in Thoothukudi|work=The New Indian Express|access-date=2018-04-19}}</ref> | ||