The Supreme Court of India stayed the National Green Tribunal’s (NGT) last month’s order of stalling operations of Vedanta’s mining plant at Dharbandora in Goa for lack of mandatory environmental clearance. A Bench led by Justice LN Rao, while staying the NGT’s March 4 order, also sought response from Goa Foundation, an NGO, which had […]
The directorate general of foreign trade (DGFT) has said in a notification that the import policy for copper and aluminium has been amended from “free” to “free with compulsory registration” under the non-ferrous metal import monitoring system (NFMIMS). The NFMIMS will be effective from 12 April, 2021. In line with the import monitoring system for […]
With its 400,000-tonnes per annum copper smelter plant in Tuticorin, Tamil Nadu, closed since May 2018 over pollution concerns and the Supreme Court dismissing its plea to reopen it, Vedanta is now planning to set up a new 500,000 tonnes a year plant. The company has invited expressions of interest from coastal states wishing to partner it […]
The police have charged 71 people for rioting and arson during the deadly protests over environmental concerns at Vedanta Ltd’s copper smelter in Tamil Nadu three years ago. Police had opened fire to beat back the protesters in the southern seaside town of Thoothukudi where 13 people were killed, causing national outrage and the subsequent […]
Fitch Ratings said there is a need for further clarity on the future of subsidies paid to BPCL’s customers on the sale of LPG and kerosene as well as the freedom on the pricing of petrol and diesel before the divestment can conclude. It said there is more visibility on BPCL privatisation, but there is still little […]
Only one bid has been received out of four coal mines that were put up for second attempt of auction under the 11th round of Coal Mines (Special Provisions) Act (CMSP Act), Parliament was informed this week. The technical bid for the Kuraloi (A) North mine in Odisha was received only from Vedanta Ltd. An Empowered […]
A bench headed by the National Green Tribunal (NGT) Chairperson Justice Adarsh Kumar Goel has ruled that Vedanta’s mining plant in Dharbandora area in Goa cannot operate without obtaining Environment Clearance (EC). “Accordingly, we hold that the application is maintainable and requirement of prior EC for operating the plants in question by Respondent no. 4 (Vedanta) […]
State-owned miner Coal India (CIL) has tied up with 17 power plants to drive import substitution, besides other measures that have helped it to push 71 million tonnes of additional coal to consumers ending February this fiscal, Financial Express reported. India’s coal imports dropped 29.7 per cent to 48.84 million tonnes in April -June this fiscal and […]
Cairn Energy has filed a case in a U.S. district court to enforce a $1.2 billion arbitration award it won in a tax dispute against India. In December 2020, an arbitration body awarded the British firm damages of more than $1.2 billion plus interest and costs. The tribunal ruled India breached an investment treaty with […]
Metals and mining magnate Anil Agarwal finally announced teaming up with London-based firm Centricus to create a $ 10-billion fund that will invest in stake sale of public sector undertakings. Centricus is a global investment firm. Agarwal, who is the executive chairman of Vedanta Resources said in a tweet, “Teamed up with London-based firm Centricus to create […]
