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SC clears Posco, Vedanta projects

fe Bureau

Posted: 2008-08-09 01:51:05+05:30 IST
Updated: Aug 09, 2008 at 0151 hrs IST

Mining Corporation and Sterlite Industries would develop the bauxite mines.

The conditions also stipulate that 5% of the profit of the company or Rs 10 crore (whichever is higher) would be ploughed back each year to keep the ecological balance and for the welfare of displaced tribals. The centrally empowered committee appointed by the court and the SPV set up after a December judgement would supervise the environment and rehabilitation aspects of the project....

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SC clears Posco, Vedanta projects