Vedanta Resources PLC Restart of Jharsuguda Power Plants (5448W)

TIDMVED

RNS Number : 5448W

Vedanta Resources PLC

15 November 2017

15 November 2017

Vedanta Resources plc

Restart of Jharsuguda Power Plants

Vedanta Resources plc's subsidiary Vedanta Limited today made the below announcement.

Vedanta Limited

Restart of Power plants at Jharsuguda

The State Pollution Control Board, Odisha ('SPCB') through its order dated November 10, 2017 has revoked the closure order on the remaining two power units that were shut down as directed by them on September 13, 2017.

With this order, the closure order has been revoked on all five power units that were directed by SPCB to be temporarily closed. The SPCB has allowed operation of all the units of 1215 MW and 2400 MW plants up to January 12, 2018 after which further extension of operation will be considered with a review of progress.

The Company had earlier announced on September 14, 2017, that consequent to a breach in the ash dyke wall at Jharsuguda, the SPCB had served a direction resulting in a temporary closure of three units of 135 MW each of the 1215 MW power plant, and two units of 600 MW each of the 2400 MW power plant.

We had earlier, vide our announcement dated September 21, 2017, updated that the SPCB had directed revocation of closure of three units.

For further information, please contact:

 
 Communications                    Finsbury 
 Arun Arora                        Daniela Fleischmann 
  Head, Corporate Communications    Tel: [phone] 
  Tel: [phone] 
  [e-mail] 
 Investors 
 Ashwin Bajaj                      Tel: [phone] 
  Director - Investor Relations     Tel: [phone] 
                                    [e-mail] 
 
  Sunila Martis 
  Associate General Manager 
  - Investor Relations 
 
  Veena Sankaran 
  Manager - Investor Relations 
 

About Vedanta Resources

Vedanta Resources plc ("Vedanta") is a London listed diversified global natural resources company. The group produces aluminium, copper, zinc, lead, silver, iron ore, oil & gas and commercial energy. Vedanta has operations in India, Zambia, Namibia, South Africa, Ireland and Australia. With an empowered talent pool globally, Vedanta places strong emphasis on partnering with all its stakeholders based on the core values of trust, sustainability, growth, entrepreneurship, integrity, respect and care. To access the Vedanta Sustainable Development Report 2017, please visit http://www.vedantaresources.com/media/214366/vedanta_sd_report_2016-17.pdf. For more information on Vedanta Resources, please visit www.vedantaresources.com

Disclaimer

This press release contains "forward-looking statements" - that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance, and often contain words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "should" or "will." Forward-looking statements by their nature address matters that are, to different degrees, uncertain. For us, uncertainties arise from the behaviour of financial and metals markets including the London Metal Exchange, fluctuations in interest and/or exchange rates and metal prices; from future integration of acquired businesses; and from numerous other matters of national, regional and global scale, including those of a political, economic, business, competitive or regulatory nature. These uncertainties may cause our actual future results to be materially different that those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements.

This information is provided by RNS

The company news service from the London Stock Exchange

END

UPDEAXFSFDAXFEF

(END) Dow Jones Newswires

November 15, 2017 02:46 ET (07:46 GMT)