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Sterlite Industries Gets Green Light to Restart After Two-Month Closure

Investing News Network
May. 31, 2013 07:52AM PST
Base Metals Investing

Reuters reported that an Indian court has granted Sterlite Industries permission to restart operations, ending a two-month closure that has dented domestic supply.

Reuters reported that an Indian court has granted Sterlite Industries permission to restart operations, ending a two-month closure that has dented domestic supply.

As quoted in the Reuters report:

Sterlite’s smelter is expected to resume production in about a week, a company statement said. Earlier, the head of its copper business P. Ramnath had suggested a restart in two weeks, with supply to customers commencing in another week.

To view the whole Reuters report, click here.

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