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Vedanta's shares at their lowest point since 2017 after nine protesters were killed at a demonstration against their Tamil Nadu copper plant

Author: Arnab Paul in Bengaluru, Published on: 11 June 2018

"India's Vedanta hits over 10-month low as protests against copper plant turn violent", May 23, 2018.

Shares of Vedanta Ltd fell to their lowest since July 5, 2017, after at least nine people were killed in the southern state of Tamil Nadu when police fired at violent protesters calling for the closure of a copper smelter run by parent Vedanta Resources Plc . Demonstrations against the copper plant... have been going on for more than three months, with protesters alleging that it is a major source of pollution... Environmental activists and some local politicians want the government to shut the plant permanently. Vedanta had earlier said the protests were based on "false allegations", and that it plans to double capacity at the smelter to 800,000 tonnes per year. Shares were down 3.2 percent as of 0500 GMT, after falling as much as 5.50 percent earlier in the session.

 

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Related companies: Sterlite Industries (part of Vedanta Resources) Vedanta Resources