Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 148]
Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 181]
LATEST NEWS UPDATES | Tuticorin Sterlite Copper plant accounts for 40 per cent of country's copper: Will hit 800 units and jobs -Deepak Patel

Tuticorin Sterlite Copper plant accounts for 40 per cent of country's copper: Will hit 800 units and jobs -Deepak Patel

Share this article Share this article
published Published on May 29, 2018   modified Modified on May 29, 2018
-The Indian Express

Tuticorin Sterlite Copper plant shutdown is also likely to impact India’s copper exports as around 1.6 lakh tonnes of Tuticorin plant’s production is sold internationally.

The Tamil Nadu government’s decision Monday to shut down Vedanta Limited’s copper plant at Tuticorin, which accounts for a 40 per cent share in India’s annual copper production of 10 lakh tonnes, could have a downstream impact on around 800 small and medium units in the electrical sector.

These include cable manufacturers, winding wire units and transformer manufacturers who source from the Tuticorin unit of Sterlite Copper — most of these units are in the country’s western and northern regions.

The shutdown is also likely to impact India’s copper exports as around 1.6 lakh tonnes of Tuticorin plant’s production is sold internationally. Ratings agency ICRA, in an April report, has said that the consumption of copper in the country has been increasing steadily over the past five years and at a current local demand growth of 7-8 per cent per year, India is projected to turn into a net importer of the metal by the year ending March 2020 if no new plant is commissioned. The shutting down of the Tuticorin smelter could potentially advance this projection.

Please click here to read more.

The Indian Express, 29 May, 2018, http://indianexpress.com/article/india/tuticorin-sterlite-copper-plant-to-shut-down-40-per-cent-of-countrys-copper-will-hit-800-units-and-jobs-5194969/


Related Articles

 

Write Comments

Your email address will not be published. Required fields are marked *

*

Video Archives

Archives

share on Facebook
Twitter
RSS
Feedback
Read Later

Contact Form

Please enter security code
      Close