Sterlite Industries slapped with Rs 100 crore fine for polluting environment
The Supreme Court imposed a fine of Rs 100 crore on Sterlite Industries for flouting green norms at its copper smelting plant in Tamil Nadu, a judge...
The Supreme Court imposed a fine of Rs 100 crore on Sterlite Industries for flouting green norms at its copper smelting plant in Tamil Nadu, a judge said on Tuesday. The case is unrelated to a separate order that has shut the Tuticorin plant, India's largest, since last week following complaints of a gas leak. Despite the fine, the Supreme Court overruled an earlier order from the Madras High Court to shut down the plant over long-standing environmental concerns, the bench headed by Judge A.K. Patnaik said. The compensation amount has to be paid in five years, the top court said. Court also said the compensation must act as a deterrent and any amount less than Rs 100 crore would not have desired impact. On Monday, the company informed the stock exchanges that the Tamil Nadu Pollution Control Board had passed an order to shut its plant at Tuticorin after locals complained of breathing problems.
10 Dec 2019 7:58 AM GMT