Vedanta Ltd invites EoI to sell Sterlite Copper plant in Thoothukudi

Exploring options to ensure plant and assets are best utilised, says company

Putting an end to its efforts of reopening the Sterlite Copper unit in Thoothukudi, Tamil Nadu, Anil Agarwal-led Vedanta has decided to sell it and has invited expression of interest (EoI) from interested parties.

Through a newspaper advertisement published on Monday, the company has invited “financially competent” players to submit EoIs by July 4. The bid was invited in conjunction with Axis Capital.

“The Tuticorin plant is a national asset which has been catering to 40 per cent of our national demand for copper and has played an integral role towards India’s self-sufficiency in copper. In the best interest of the country