Sterlite asked to deposit Rs. 100 crore with Collector

The Supreme Court on Tuesday directed the Sterlite copper smelter plant to deposit within three months a compensation of Rs.100 crore with the Tuticorin Collector. A Bench of Justices A.K. Patnaik and H.L. Gokhale said this amount would be put in fixed deposit in a nationalised bank for a minimum of five years, renewable as and when it expired, and the interest would be spent on suitable measures for improvement of the environment after consultation with the TNPCB and approval of the Government of Tamil Nadu.