Pages

Total Pageviews

Tuesday, April 2, 2013

SC Verdict on Sterlite Industries -Tuesday April 2,2013


The Supreme Court on Tuesday April 2,2013 imposed a fine of Rs 100 crore on Sterlite Industries, part of Vedanta Resources, for polluting environment through its copper smelting plant in Tamil Nadu.

However, the apex court refused to direct closure of the plant in Tuticorin

The company has to pay the compensation amount in five years, the SC ruled. The court added that the compensation must act as a deterrent and any fine less than Rs 100 crore would not have had the desired impact. 

No comments:

Post a Comment