Chennai: A day after the TN government ordered permanent closure of Sterlite plant in Thoothukudi, the Tamil Nadu Industries Promotion Corporation (SIPCOT) cancelled 342.22 acres land allocated for the expansion of plant in the area. The government order (GO) also stated that the land price collected would be refunded.
“As the allotment of land for the proposed expansion has been made by SIPCOT, in larger public interest, the land allotment made by SIPCOT for proposed expansion of copper smelter plant (Phase-2) by Vedanta Ltd is hereby cancelled,” SIPCOT said in its communication to the Vedanta group. The land price collected for the said land allotment will be refunded as per the norms of SIPCOT, it further said.
“The cancellation of allotment of 342.22 acres of land has been made in larger public interest and this has been communicated to the company,” an official release said.
