Supreme Court stays Sterlite plant closure, shares up | business | Hindustan Times
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Supreme Court stays Sterlite plant closure, shares up

The Supreme Court today stayed a lower court order to close Sterlite Industries' copper smelter in Tuticorin, television channels said.

business Updated: Oct 01, 2010 14:40 IST

The Supreme Court on Friday stayed a lower court order to close Sterlite Industries' copper smelter in Tuticorin, television channels said.

Shares in Sterlite, a metal producing unit of London-listed Vedanta Resources, rose nearly 6 per cent to 176.75 rupees, while the main stock index was up 1.6 per cent.

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