Supreme Court imposes Rs 100 crore fine on Sterlite

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 Supreme Court imposes Rs 100 crore fine on Sterlite
The Supreme Court of India has put a fine of Rs 100 crore on Sterlite Industries for flouting green norms at its plant in Tamil Nadu. The fine has to be paid in the next five years.

On Monday in an unrelated development, The Tamil Nadu Pollution Control Board (TNPCB) has ordered the closure of Sterlite Industries' Tuticorin smelter plant, Sterlite has stated in a release to the Bombay Stock Exchange.

"In response to a few complaints of emission on March 23, TNPCB carried out preliminary inspection. We provided to TNPCB all the technical details of the operations which confirms that all parameters and key reading of that particular period of March 23, were well within the permissible range. The District Administration has also issued a press release confirming that no case of illness was reported on account of the emission, based on a report by the district health officials. However, TNPCB has ordered closure of the plant," the company has stated. Sterlite Industries has been operating the Tuticorin plant for the last 17 years.

"The plant adheres to the highest standards of environment, health and safety standards," the company has stated.

Read more about: sterlite industries
Story first published: Tuesday, April 2, 2013, 12:21 [IST]
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