The company has issued advertisements that say: “Vedanta, together with Axis Capital, invited an expression of interest in the sale of copper plants along with other units that include the smelting complex (primary and secondary), sulfuric acid plants, refinery copper, continuous copper trunk plants, Phosphoric acid plants, waste treatment plant, breeding power generation, RO units, oxygen generation units and housing complexes. “

The Thoothukudi factory has an installed capacity of 4,00,000 MTPA integrated copper burst and 4,00,000 MTPA refineries in expansion. When the factory operates, it provides work for more than 5,000 people and for 25,000 others indirectly through the value chain. It also then produced about 40% of India’s demand for copper and contributed around RS.2.500 Crore to the Minister of Finance, 12% of the Thoothukudi Port revenue, 95% of the market share for sulfuric acid in Tamil Nadu. The company claims Vedanta is committed to the state and its people to contribute to the development, income, and work generation.

The announcement was surprising because in recent years officials from Sterlite Copper have met several people and said closing the factory, selling the factory or away from Tamil Nadu did not use cards. The source at Thoothukudi said that no one knew this advertisement because it came from the Company’s Delhi team.

Since closing, the sterlite copper factory, the company said it had suffered losses ₹ 5 crore a day. The new company official said that around ₹ 800crore to ₹ 1,000 crore would be asked to change the factory, if and when the permit came.