Sterlite Copper unit shutdown led to Rs 20k cr loss to economy: CEO
The closure of Cunit in Tamil Nadu has led to rise in import of copper worth USD 2 billion and export loss of over USD 1.5 billion, resulting in an overall loss of Rs 20,000 crore to the economy, a top company official today said.
Ramnath told PTI that before the closure of the company, it was supplying 250,000 tonne per annum of copper to the domestic market. Image source: Reuters