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LATEST NEWS UPDATES | Supreme Court imposes Rs 100 crore fine on Sterlite Industries

Supreme Court imposes Rs 100 crore fine on Sterlite Industries

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published Published on Apr 2, 2013   modified Modified on Apr 2, 2013
-Reuters


India's top court imposed a fine of Rs 100 crore ($18.40 million) on Sterlite Industries for polluting environment through its copper smelting plant in Tamil Nadu.

The case is unrelated to a separate order that has shut the Tuticorin plant, India's largest, since last week following complaints of a gas leak.

Despite the fine, the Supreme Court overruled an earlier order from the Madras High Court to shut down the plant over long-standing environmental concerns, the bench headed by Judge A.K. Patnaik said.

On Monday, the company informed the stock exchanges that the Tamil Nadu Pollution Control Board had passed an order to shut its plant at Tuticorin after locals complained of breathing problems.


The Indian Express, 2 April, 2013, http://www.indianexpress.com/news/supreme-court-imposes-rs-100-crore-fine-on-sterlite-industries/1096568/


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