Vedanta shares drop 6% after Sterlite protests in Tamil Nadu

Vedanta shares drop 6% after Sterlite protests in Tamil Nadu

Palaniswami, Deputy chief minister O Panneerselvam and senior ministers of the AIADMK government reviewed the situation with senior police and civil officials, including police chief TK Rajendran at the state secretariat.

The violence during a protest, seeking permanent closure of Vedanta group's Sterlite Copper plant over alleged pollution issues also saw several dozens of men and women sustaining injuries which includes police personnel as well. The state's governor put the death toll at 11.

On Tuesday, a crowd waving black flags stormed the district government headquarters and an apartment block for Vedanta employees, a company official said, declining to be named for fear of being targeted.

Public transport has been suspended from Thoothukudi to other parts of Tamil Nadu.

On Tuesday, a number of demonstrators, under the banner of the Anti-Sterlite Movement, set police and other vehicles ablaze, calling for the closure of the Sterlite Copper Smelting plant. Nine people died nearly instantly in police firing. These citizens were murdered for protesting against injustice.

Supreme Court orders Karnataka Assembly floor test at 4 pm on Saturday
The bench had adjourned the matter asking the BJP counsel to produce the two letters written by Yeddyurappa to the governor. The court also junked Attorney General KK Venugopal's suggestion that the floor test be conducted through secret ballot.

The Tamil Nadu government has appointed retired Judge Aruna Jagadeesan to head the Commission of Inquiry to probe the violence in the state's port town Thoothukudi in which 11 people were killed.

Reports say that the police had initially tried to control the protesters with tear gas and baton charges as hundreds of protesters defied prohibitory orders on the 100th day of their agitation.

The protestors claimed that that the plant would pollute groundwater in their area, and causing serious environmental hazards. Only that they wanted a cleaner environment?

Let us not forget that for the second time in two months more than one lakh residents of this coastal town have taken to the streets with one clear demand: immediate and complete shutdown of Sterlite.

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