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Copper body urges Centre to take steps for restarting Sterlite plant in Tuticorin

Industry body Non-Ferrous Metal Manufacturers Association (INFMMA) today urged the Centre to take steps for resumption of operations at Sterlite Copper plant in Tuticorin, Tamil Nadu.


PTI 03 Aug 2018, 02:46 PM India

Industry body Non-Ferrous Metal Manufacturers Association (INFMMA) today urged the Centre to take steps for the resumption of operations at Sterlite Copper plant in Tuticorin, Tamil Nadu.

In this regard, members INFMMA have also submitted a memorandum with the Mines Ministry and NITI Aayog, the association said in a statement.

"We have requested the Mines Ministry and NITI Aayog to restart the copper smelter. Due to the closure of that smelter, we believe that imports of copper would go up," INFMMA President DK Jain said in the statement.

There is already a shortage of copper in the market and if the stakeholders import it to keep their operations going they will have to buy it at a much higher price, it added.

The closure of a running unit has affected the medium and small players of the downstream and ancillary industry who use copper as raw material to produce products such as copper alloy sheets, strips, foils, tubes, pipes and rods, INFMMA.

"We request the government to at least think about us. We are dependent on the smelter for copper to make items which are further used by other industries. Also, think about those who are dependent on us for jobs. We are being made to pay the cost," Naseem Sheikh, another member of the organization, said.

Billionaire Anil Agarwal-owned Vedanta unit is one of the three primary copper producers in the country. It has a market share of 35 percent.

The other two are Hindustan Copper Limited and Hindalco Industries Limited.

The Tamil Nadu government in late May ordered the permanent closure of the smelter after 13 people among protesters demanding its shutdown on environmental concerns were killed in police firing.

INFMMA is an association representing the non-ferrous metal industry in India. The non-ferrous metal industry provides employment to more than 1 lakh people and serves industries like electronics, automobile etc.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)


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