Vedanta shares drop 6% after Sterlite protests in Tamil Nadu

Lewis Collier
May 23, 2018

The inquiry will cover the "law and order incidents following the siege of the District Collectorate by thousands of persons violating prohibitory orders", an official release here said.

National Human Rights Commission (NHRC) has issued notices to the Tamil Nadu Chief Secretary and Director general of police (DGP) over police firing during the anti-Sterlite protest in Thoothukudi that claimed 11 lives.

The three-month-long protest by locals demanding the closure of Sterlite Copper unit of Vedanta Group turned violent yesterday with agitators pelting stones and toppling police vehicles after they were prevented from marching towards the plant.

Security personnel used batons and burst teargas shells to break up the protest.

"Who ordered the police firing on protestors?"

One of the demonstrations is being led by actor-turned politician Kamal Haasan, along with the cadres of his political party Makkal Niedhi Maiam.

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Abbott outside the Arcadia First Baptist Church and urged him not to use the tragedy as fodder in the gun-control fight. This newest shooting seems, sadly, familiar, but it is important that we pay attention to what is different here.

DMK's de-facto chief MK Stalin said the AIADMK government should be held responsible for the deaths of 11 anti-Sterlite protesters yesterday. Why was no warning given before firing?

Congress president Rahul Gandhi accused the Palaniswamy government of working on the "behest of BJP-RSS".

"The gunning down by the police of 9 people in the Sterlite protest in Tamil Nadu is a brutal example of state sponsored terrorism". These citizens were murdered for protesting against injustice. He also announced Rs 3 lakh for those seriously injured and Rs 1 lakh each for the other injured. As the violence spiralled, police opened fire, killing nine people.

"I just landed in Bengaluru to the shocking news about the incident near the Sterlite Tuticorin plant".

The Madurai bench of Madras High Court on Wednesday stayed the expansion plan of Sterlite Industries - the majority owned subsidiary of UK-based Vedanta - indulging in copper smelting in Tamil Nadu's Tuticorin.

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