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Thoothukudi plant not operating since March 27: Vedanta

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Thoothukudi/Chennai, May 24 (IANS) London-listed Vedanta Resources on Thursday said that its Sterlite copper smelter plant at Thoothukkudi district, whose closure has been accompanied by two days of rioting, arson and police firing, has not been operating since March 27, 2018.

On Wednesday, the Tamil Nadu Pollution Control Board (TNPCB) ordered the closure of the plant with immediate effect and disconnected power supply to it for non-compliance of certain conditions imposed on the plant earlier.

“We would like to inform that the plant was not operating since March 27, 2018. We continue to work with the regulatory authorities, at all time ensuring compliance with the necessary regulations,” Vedanta said in a stock exchange filing.

“TNPCB vide its order dated May 23, 2018 ordered disconnection of electricity supply and closure of the company’s Copper Smelter Plant 1 at Thoothukkudi District, Tamil Nadu, with immediate effect.

“We continue to work with the regulatory authorities, at all time ensuring compliance with the necessary regulations,” it said.

In terms of Regulation 30 of the SEBI Listing Regulations, please note that the said copper smelter has contributed Rs 1,373 crore, i.e. 5.4 per cent of the consolidated EBIDTA during the last financial year 2017-18, and the carrying value of property, plant and equipment as at March 31, 2018 was Rs 2,131 crore, i.e. 2 per cent of total assets,” it added.

Meanwhile, an uneasy calm prevailed in Thoothukudi after two days of riots, arson and firing and the situation continues to be tense across the district. Shops and commercial establishments were shut for the third consecutive day while government offices witnessed thin attendance.

The death toll in police firing climbed to 13 on Thursday.

Tamil Nadu Chief Minister K. Palaniswamy, who met reporters in Chennai, said his government would continue to take steps legally for closure of the Sterlite plant against which the local people have been protesting.

Referring to the protests and the functioning of the plant, the Chief Minister said that the late Chief Minister J. Jayalalitha had ordered closure of the Sterlite plant in 2013 but the company appealed against the order in the National Green Tribunal which allowed it to operate under some conditions.

On Tuesday, the Madurai Bench of the Madras High Court stayed the expansion of the Sterlite plant and directed the Vedanta Group to cease construction of its second unit in Thoothukudi.

–IANS
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Dr. Abhishek Verma Dedicates a Shelter in Memory of His Mother, Veena Verma, at KGMU; Inaugurated by Daughter Nicolle Verma

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World-renowned business tycoon Dr. Abhishek Verma has supported Foodman Vishal Singh’s Hunger-Free World mission. In memory of his mother, Late Veena Verma, who was a 3 term Rajya Sabha MP.

Dr. Verma dedicated a state-of-the-art free permanent shelter for the attendants of patients at KGMU Medical University, Lucknow, under the aegis of Vijay Shree Foundation. His daughter, Nicolle Verma, inaugurated the shelter.

During the event, Foodman Vishal Singh honored Nicolle Verma by presenting her with a memento. Mrs. Nidhi Sharma and Avantika Yadav, associated with the organization, welcomed her with garlands. Following this, Nicolle Verma distributed essential items to the attendants and also handed out fruits. She became emotional remembering her grandmother on her birth anniversary.

On this occasion, she also inaugurated the “Veena Verma Sevalaya” in memory of her grandmother, Veena Verma, to serve the attendants. She expressed, “I feel proud that my family is engaged in nation-building as well as social service. Today, in collaboration with Vijay Shree Foundation founder Foodman Vishal Singh Ji, I feel immensely proud to dedicate this shelter for the poor, helpless, and needy attendants of patients battling serious illnesses like cancer. I am honored to be associated with the Hunger-Free World Mission for humanity.”

Inspired by the continuous humanitarian service provided by Vijay Shree Foundation over the past 17 years, Nicolle Verma donated 10 lakh rupees to support the cause. The purpose of this donation is to ensure that services continue for the needy attendants of patients suffering from severe illnesses in hospitals, as facilitated by Foodman Vishal Singh.

It is noteworthy that Dr. Abhishek Verma’s family has a legacy of public and philanthropic service. They are helping millions to carry forward the values and service work of their parents. On the occasion of his mother’s birth anniversary, Dr. Abhishek Verma dedicated this state-of-the-art permanent shelter at Lucknow Medical College to serve the attendants of patients through the Vijay Shree Foundation.

Supporting Foodman Vishal Singh’s Hunger-Free World mission, Dr. Abhishek Verma assured that he would continually support keeping this flame of humanity alive. He also promised to assist in providing medicines to the helpless patients.

Continuing her grandmother’s legacy of service, Nicolle Verma personally served food to the needy patients and attendants. She said, “It is our good fortune to have received the joy of doing this noble work today through Foodman Vishal Singh. I have taken another step forward in carrying my family’s values and cooperation by joining hands with the Vijay Shree Foundation. My father taught me to serve and help the needy, and I feel happy when I bring a smile to someone’s face.”

On the birth anniversary of the late Veena Verma, the event organizer, Vijay Shree Foundation founder Foodman Vishal Singh, said, “We feel proud and happy that Dr. Abhishek Verma, a globally renowned business tycoon, has extended his support to uplift our country from the hunger index. Today, on his mother’s birth anniversary, he inaugurated a state-of-the-art permanent shelter at Lucknow Medical College, which will always be helpful for the needy attendants of patients. It is a pleasure for me and the organization to receive the affection of Mr. Verma.”

The event was attended by General Manager Verma Family Office Hemant Garg, Sonu Rajput, and the organization’s volunteers, including Sandeep Singh, Parmeshwar Ji, Prashant Rao Gautam, Balram Singh, Ramesh Chaudhary, Suman, Jeetu, Anil, Suraj, Vinay, Manish Bhadauria, Manas Mehrotra, Vivek, Apurv, Happy, and others.

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