7.2 C
New York
Saturday 4 December 2021

Buy now


HomeEconomyBusinessInternational Copper Association hails NGT's Sterlite order

International Copper Association hails NGT’s Sterlite order

The Sterlite plant closure under pressure from Church-backed NGOs had impacted copper-consuming industries: consumer goods, electronic goods and automobile


New Delhi: Industry body International Copper Association (ICA) India Monday said it welcomed the NGT order that allowed the reopening of Sterlite Copper’s Tuticorin plant. The National Green Tribunal (NGT) on Saturday had set aside the Tamil Nadu government order for closure of the copper unit at Tuticorin, which was at the centre of massive protests over alleged pollution.

The foreign-funded backed by the Church alleged the plant was “non-sustainable” and “unjustified”.

In May, the Tamil Nadu government had ordered permanent closure of the company’s copper unit after 13 people, among protesters, demanding its shutdown on environmental concerns, were killed in police firing. Sterlite Copper had challenged the order in the NGT.

“It is a very positive move. We welcome the order. Due to the closure the import and prices of copper had gone up,” Sanjeev Ranjan, ICA India managing said.

The closure of the Sterlite plant had adversely impacted copper consuming industries like consumer goods, electrical and electronics, automobile, and players were bound to import the metal, Ranjan said.

The ICA believes the reopening of the smelter unit will bring relief to the downstream and ancillary industry, the MD added.

Due to the closure, domestic chemical and fertilisers industry was impacted, Ranjan said. Sterlite Copper’s 4,00,000 tonne per annum plant in Tuticorin met over 30% of India’s copper demand. It produced sulphuric and phosphoric acids too as by-products, which are the key raw materials for manufacturing of fertiliser, the company said.

The company said “due to the shutdown in the last six months… the import of the metal (copper) has seen a surge. While premium on copper has gone up by 10-15%, the import of the metal has shot up 2.5 times to nearly 30,000 tonnes per month”.

The closure led to a spike in the prices of phosphoric and sulphuric acids, adversely affecting the downstream chemical and fertilisers industry, the company noted.

“The plant met 80-90% of demand for sulphuric acid in the and 15% of the phosphoric acid demand. The closure of our plant has led to a sharp surge in demand, thereby up prices,” company CEO P Ramnath said.

In the last six months, prices of sulphuric acid have shot up from Rs 3,000 a tonne to Rs 12,000 per tonne, and a tonne of phosphoric acid costs Rs 53,000 as compared to Rs 43,000 a tonne six month earlier, a rise of 23%, Ramnath said.


Sirf News needs to recruit journalists in large numbers to increase the volume of its reports and articles to at least 100 a day, which will make us mainstream, which is necessary to challenge the anti-India discourse by established media houses. Besides there are monthly liabilities like the subscription fees of news agencies, the cost of a dedicated server, office maintenance, marketing expenses, etc. Donation is our only source of income. Please serve the cause of the nation by donating generously.

Support pro-India journalism by donating

via UPI to surajit.dasgupta@icici or

via PayTM to 9650444033@paytm

via Phone Pe to 9650444033@ibl

via Google Pay to dasgupta.surajit@okicici

Preparations enhanced at Chhatrapati Shivaji Maharaj Int'l Airport, Mumbai with detection of first #Omicron case in the state - 4th in the country.

Thermal Screening areas, registration counters for RT-PCR tests, swab collection booths set up for the pax from 'at-risk' nations


I am from a generation where the OATS eaters made us wait decades for a 2-wheeler. Pandemic & Climate Change delays I can understand. But even as a senior citizen, an @OlaElectric scooter I shall ride

With pride

@bhash - more vigor to your team


Bhavish Aggarwal@bhash

Scooters are getting ready 🙂 Production ramped up and all geared to begin deliveries from 15th Dec. Thank you for your patience! 3

भारत की आज़ादी के 75 साल !
देश-विदेश में मनाया जा रहा है आज़ादी का #AmritMahotsav
इन रंगारंग कार्यक्रमों की झलकियां ‘आज़ादी का अमृत महोत्सव’ #SansadTV पर
#Nagaland #Konark #Katni
@MinOfCultureGoI @AmritMahotsav

‘Others earning lakhs using my song but my hands are empty’: Peanut seller whose ‘Kacha Badam’ song went viral files police complaint


Read further:

This site uses Akismet to reduce spam. Learn how your comment data is processed.

- Advertisment -



%d bloggers like this: