CHENNAI: Mental Mining conglomerate Vedanta Ltd has decided to sell its Tuticorin 4,00,000 tonne per annum copper smelter plant and refining complex.  Sterlite Copper is the name of the copper smelter plant complex.

The company, in collaboration with Axis Capital, has requested Expressions of Interest (EoI) for its primary and secondary smelter complexes, sulphuric acid plant, copper refinery, continuous copper rod plant, phosphoric acid plant, effluent treatment plant, 160 MW captive power plant, reverse osmosis units, oxygen generation unit, and residential complex with amenities.

However, an environmental activist who is opposed to the Copper Smelter plant questioned whether the company could sell the plant while the case is before the Supreme Court.

Many people were surprised by the decision because the company had previously stated that it would reopen the plant. Vedanta the plant meets approximately 40% of the country's copper demand and contributes approximately Rs 2,500 crore to the exchequer each year, as well as 12% of Tuticorin Port's revenue, it said.

Through a newspaper advertisement, the company has sought expressions of interest from coastal states interested in partnering in the project, which has an investment potential of approximately Rs 10,000 crore.

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