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India’s Tamil Nadu Govt Overreached By Closing Vedanta Smelter: Court Panel

An Indian court-appointed panel said on Wednesday (28) that there were insufficient grounds to permanently close Vedanta Ltd's copper smelter and a Tamil Nadu state government’s decision to shut it amounted to administrative overreach.

Police fired on environmental protesters calling for the closure of the plant in the southern town of Thoothukudi in May this year, killing 13. State authorities responded by permanently shutting down the smelter.


But a committee of experts set up by the National Green Tribunal, the environmental court, said authorities in Tamil Nadu state where the plant is located had failed to comply with procedures before shutting down the smelter.

The company was not given any notice or opportunity to explain its position, the panel said in its order.

The grounds cited for the closure of the plant were not sufficiently "grievous to justify permanent closure", said the panel. State authorities had said that the plant was polluting.

Activists said the plant caused air and water pollution, and posed a risk to fisheries.

The environment court will decide on the panel's report on December 7.

The court is likely to follow the panel's recommendation, and if it did so, it could lead to the re-opening of the smelter.

Vedanta said the plant had been operating in line with local laws. "We as a company have always been environmentally conscious in every aspect of our operations and have followed all regulations laid down by the law," said P Ramnath, chief of Vedanta's India copper business.

Vedanta is a subsidiary of billionaire Anil Agarwal controlled Vedanta Resources and the smelter is India's second biggest. The smelter has an annual production capacity of more than 400,000 tonnes, and the company said last month the closure has affected 350 companies that buy its products.

Reuters this month reported that Vedanta had been selling copper concentrate on the spot market from stockpiles at the closed Sterlite smelter.

Reuters

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  • Average UK house price rose 0.3 per cent in October to £272,226, down from 0.5 per cent growth in September.
  • Annual house price growth edged up to 2.4 per cent, with market remaining resilient despite mortgage rates being double pre-pandemic levels.
  • Buyers delaying purchases amid speculation that November budget could introduce new property taxes on homes worth over £500,000.
British house prices grew at a slower pace in October as buyers adopted a wait-and-see approach ahead of the government's budget announcement on 26 November, according to data from mortgage lender Nationwide.

The average house price increased by 0.3 per cent month-on-month in October to £272,226, down from a 0.5 per cent rise in September. Despite the monthly slowdown, annual house price growth accelerated slightly to 2.4 per cent, up from 2.2 per cent in the previous month.

Robert Gardner, Nationwide's chief economist, said the market had demonstrated broad stability in recent months. "Against a backdrop of subdued consumer confidence and signs of weakening in the labour market, this performance indicates resilience, especially since mortgage rates are more than double the level they were before Covid struck and house prices are close to all-time highs".

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