MUMBAI, India, April 10, 2018 /PRNewswire/ -- The Company had
applied for renewal of consent to operate (CTO) for its existing
Smelter plant at Thoothukudi (Tuticorin). The application has been
rejected for want of more clarifications. The Company is evaluating
further course of action.
As informed by the Company vide its announcement dated
March 27, 2018, the scheduled
maintenance activities were supposed to be for a period of
approximately 15 days from the said date. This is now likely to be
extended given the above development. The Company shall update on
further developments from time to time.
About Vedanta Limited
Vedanta Limited is a diversified natural resources company,
whose business primarily involves producing oil & gas, zinc -
lead - silver, aluminium, copper, iron ore and commercial power.
The company has a presence across India, South
Africa and Namibia. Vedanta
Ltd has a portfolio of world-class, low-cost, scalable assets that
consistently generate strong profitability and have robust cash
flows. The company holds industry-leading market shares across its
core divisions.
Vedanta Limited is the Indian subsidiary of Vedanta Resources
Plc, a London-listed company.
Governance and Sustainable Development are at the core of Vedanta's
strategy, with a strong focus on health, safety and environment and
on enhancing the lives of local communities. The company is
conferred with the Confederation of Indian Industry (CII)
'Sustainable Plus Platinum label', ranking among the top 10 most
sustainable companies in India. To
access the Vedanta Sustainable Development Report 2017, please
visit
http://sd.vedantaresources.com/SustainableDevelopment2016-17/
Vedanta Limited is listed on the Bombay Stock Exchange and the
National Stock Exchange in India.
The company is in the Nifty 50 Index and has ADRs listed on the New
York Stock Exchange.
For more information please visit www.vedantalimited.com
Vedanta Limited
Vedanta, 75
Nehru Road
Vile Parle (East), Mumbai - 400
099
www.vedantalimited.com
Registered Office:
Regd. Office: 1st Floor, 'C' wing, Unit 103,
Corporate Avenue
Atul Projects
Chakala, Andheri (East)
Mumbai – 400 093
CIN: L13209MH1965PLC291394
Disclaimer
This press release contains "forward-looking statements" – that
is, statements related to future, not past, events. In this
context, forward-looking statements often address our expected
future business and financial performance, and often contain words
such as "expects," "anticipates," "intends," "plans," "believes,"
"seeks," "should" or "will." Forward–looking statements by their
nature address matters that are, to different degrees, uncertain.
For us, uncertainties arise from the behaviour of financial and
metals markets including the London Metal Exchange, fluctuations in
interest and or exchange rates and metal prices; from future
integration of acquired businesses; and from numerous other matters
of national, regional and global scale, including those of a
political, economic, business, competitive or regulatory nature.
These uncertainties may cause our actual future results to be
materially different that those expressed in our forward-looking
statements. We do not undertake to update our forward-looking
statements.
For further information, please contact:
Communications
Arun Arora
Head Communications
Tel: +91-1244593000
gc@vedanta.co.in
Investor Relations
Rashmi Mohanty
Director – Investor Relations
Tel: +91-22-6646-1531
vedantaltd.ir@vedanta.co.in
Aarti Raghavan
VP – Investor Relations
Sneha Tulsyan
Associate Manager – Investor Relations