[ad_1]
The Sterlite Copper episode in Tamil Nadu has forced Phillips Carbon Black (PCBL), a company owned by the RP-Sanjiv Goenka group, to reconsider its investment plan of 6 billion rupees in a new plant in the state. The group plans to move its proposed plant to Telangana or Andhra Pradesh.
Last May, 13 people were killed during a police shooting during protests calling for the closure of the Sterlite copper plant that, according to locals, pollutes groundwater. region. "We are now concerned about Tamil Nadu and how the administration handled the problem (Sterlite Copper) .We do not want to become a pretext for any other tamasha in the future," said the president. of the group, Sanjiv Goenka.
ALSO READ: The closure of Sterlite Copper has an impact on the business turnover of 600 billion rupees for the industry: CEO
As part of his efforts to increase its current capacity by 0.515 million tons, PCBL had planned a Tamil Nadu and was in "advanced discussions with the state government."
[ad_2]
Source link
