A Vedanta insider said, "We are bleeding heavily; our total losses have exceeded the Rs.3000 crore mark." For the group, the impasse over the last two years seems like a rude shock from. We are here, in a landlocked location on the invitation of the state government. Our MoU with the state in 2006 was for bauxite to be mined by them and handed over to us so that our refinery can work on it. Today, just so that this plant is kept functional, we are sourcing bauxite from Chhattisgarh, Jharkhand and even Gujarat which is suicidal. We might as well move there," he said.
Posted on: Sun, 21 Jul 2013 16:30:34 +0000
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