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What strategic decision will Vedanta make regarding Tamil Nadu operations by end of 2025?
2
Resolution / Starting Odds
Expand operations • 25%
Reduce operations • 25%
Maintain current operations • 25%
Exit Tamil Nadu market • 25%
Company announcements and industry reports
Story
Supreme Court Dismisses Vedanta's Review Plea on February Judgment for Thoothukudi Copper Smelting Plant Closure
Nov 16, 2024, 07:06 AM
The Supreme Court of India has dismissed a review petition filed by Vedanta Limited regarding the closure of its copper smelting plant in Thoothukudi, Tamil Nadu. This decision reaffirms the court's earlier ruling from February, which had denied a directive for the plant's reopening. The dismissal of the plea has significant implications for Vedanta, as the company has been seeking to overturn the order that led to the shutdown of its operations in the region. The court's ruling follows a series of legal challenges faced by Vedanta in relation to its Thoothukudi facility, which has been a contentious issue amid environmental and regulatory concerns.
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Top 5 globally • 33%
Top 10 globally • 33%
Outside top 10 • 33%
Increase by more than 10% • 25%
Increase by 5-10% • 25%
Increase by less than 5% • 25%
Decrease • 25%
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Debt Prepayment • 25%
Capital Expenditure • 25%
Acquisitions • 25%
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Increased profitability • 25%
Decreased profitability • 25%
No significant change • 25%
Change in business strategy • 25%
Acquire new tier one assets • 25%
Increase dividends or share buybacks • 25%
Invest in technology or innovation • 25%
Other strategic moves • 25%
Yes • 50%
No • 50%
Expansion of operations • 25%
Reduction in operations • 25%
Automation improvements • 25%
No significant changes • 25%
Exploration and production • 25%
Renewable energy projects • 25%
Infrastructure development • 25%
Other • 25%