Sterlite pauses oxygen production due to technical snag at Tuticorin plant

By: |
May 15, 2021 3:00 AM

The company recently reopened the plant to produce medical oxygen, and the first set of tankers was dispatched to beneficiaries on Thursday.

In a statement on Friday, the company said the snag was likely a minor technical fluctuation since the plant had been unattended for three years.

Vedanta-owned Sterlite Copper said on Friday it has temporarily paused production at its oxygen plant in Tuticorin due to a technical snag in the cold box. The company recently reopened the plant to produce medical oxygen, and the first set of tankers was dispatched to beneficiaries on Thursday.

In a statement on Friday, the company said the snag was likely a minor technical fluctuation since the plant had been unattended for three years. A technical expert group has been on site from day one to monitor the situation. “We plan to return to stabilised production soon,” the company said.

Sterlite Copper had on Thursday said it will dispatch two oxygen tankers on a daily basis to begin with and gradually scale up the dispatches as production is expanded.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Asirvad Microfinance securitises Rs 262-crore loan in deal with PSB
2Course Correction: Redesigning customer journeys for post-Covid times
3Infinix Note 10 & Hot 10s: Your style quotient just gets better with these mid-range handsets