Vedanta to stick to ops in Indian city despite deadly protests- co executive

By Reuters / May 26, 2018 / in.investing.com / Article Link

By Krishna N. Das

NEW DELHI, May 25 (Reuters) - London-listed Vedanta Resources VED.L plans to stick to operations in a southern Indian city despite protests demanding the closure of its copper smelter that killed 13 people this week, a company executive told Reuters on Friday.

The company's position comes a day after the state of Tamil Nadu (NS:TNNP), where the smelter is located, said it was seeking a permanent closure of the plant on environmental grounds.

"We're not in that stage to look at setting up a plant elsewhere," P. Ramnath, chief executive of Vedanta's India copper business, said in an interview.

"We're confident that we will be able to overcome these issues. It will certainly require a huge effort but I am sure we can hope to restart as quickly as possible."

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