Bhubaneswar: Unable to proceed with their projects due to different reasons, Vedanta Aluminium and Posco have sought more time from the Centre to implement their respective special economic zones (
Vedanta Aluminium Ltd has sought a level playing field by seeking a waiver on public hearings on grounds that they were conducted twice — in 2003 and 2009 — to build the refinery and smelter.
Read executive summary of the updated EIA report for expansion of the Vedanta's aluminium refinery in Lanjigarh, Odisha. Environment and forests minister Jayanthi Natarajan has ordered that the preliminary nod given by the MoEF to the company be held in abeyance.
This Monitoring Review Report was commissioned as the second 6-monthly update on Vedanta’s progress in implementing the Recommendations from the original independent strategic sustainability review that Scott Wilson undertook in September 2010.
In this latest report the Comptroller and Auditor General of India (CAG) has accused the state revenue department for acquiring land for six companies including Posco India & Vedanta Aluminium Ltd (VAL)by invoking emergency provisions without fulfilling the conditions prescribed under Land Acquisition Act-1894.
Left to the Union panchayati raj and tribal affairs minister, Mr V Kishore Chandra Deo, the Poscos and Vedantas of the world would not get mining leases in tribal strongholds.
Vedanta Resources, the London-listed holding company, will sell its stake in three companies in India to its Indian subsidiary Sterlite Industries in an all-share deal, two people with direct knowledge of the development said.
Vedanta, owned by billionaire Anil Agarwal, will sell its 100% stake in Vedanta Aluminium, the 94.8% it owns in Madras Aluminum and its 38% stake in oil refiner Cairn Energy to Sterlite Industries to make its subsidiary a metal, mining and oil giant.
As the corporate sector “has been extremely cooperative when it comes to emission regulations”, the Union Government is planning to introduce a self regulatory system for companies to monitor and r
Crying “discrimination”, the Anil Agarwal-promoted Vedanta Aluminium Ltd (VAL) wants to initiate a fresh dialogue with the environment ministry to arrive at a solution enabling the expansion of its aluminum refinery in Orissa.Vedanta has claimed the ministry discriminated against it by not clearing its Lanjigarh project, while the Jindal Power and Lavasa projects got the green signal.
