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Around 83% of Sterlite’s regular employees are from Tamil Nadu out of which 42% of them are from Tuticorin. In contract employees, around 66% of them are from Sterlite Copper out of which 80% of them are from Tuticorin.
Sterlite Copper is known for its Safety Standard. Our primary motto is “Safety first, Production Next”. We are the proud recipient of British Sword of Honour Safety Award which is considered to be the highest recognition in the field of Safety. The rate of accidents in Sterlite Copper is significantly less as compared to any other Manufacturing unit.
We are continually improving our Safety standards by imparting Safety trainings to all the employees and Stakeholders visiting our company. Infact, our Safety Team visits our contract employee’s house and create an awareness on Safety at work/beyond workplace under the umbrella of Bandhan initiative.
Sterlite Copper has been a significant contributor to Tamil Nadu’s GDP. Sterlite’s Revenue contributes to around 1.5% of total Tamil Nadu GDP. Single industry constituting around 1.5% of the entire Tamil Nadu GDP is significant.
India is not particularly well endowed with copper mines. Due to this deficiency in copper ore and concentrates, it relies heavily on imports for fulfilling its need. Since, Around 35% of India’s total copper consumption is produced by Sterlite Copper, In the last 10 years, for the first time India has become the Net Copper Importer. This shall have a direct impact on the price of consumer good.
Sterlite Copper is the Single largest private sector company contributing 17% of Thoothukudi VOC Port’s revenue.
Sterlite Copper provides direct and indirect employment to the community impacting aound 20,000 livelihoods in Tuticorin Sterlite manufactures and supplies refined copper which is key ingredients for the Indian economy used in the electrical industry for manufacturing cables, transformers, motors, alloys etc. Sulphuric acid is a key raw material for detergent, dyes, chemicals ,pigments, chemicals production and also used widely in Fertilizer industry – It is the primary raw material to produce Single Super Phosphate Phosphoric acid which is the main ingredient for manufacturing Di- Ammonia Phosphate (DAP) used in the fertiliser industry.
Gypsum is widely used in the cement industry and slag is used in building roads extensively. All these industries are adversely impacted as the prices of Copper and its by-products have substantially increase making operations of downstream industry unviable.
Copper is one of the metals that has been a part of civilization for thousands of years. Iron, copper, gold, and silver have all been used in one form or another. While you might not think of copper being used for anything but coins, it is a key element in the creation of bronze. Copper has been in use for so long because it is found by itself as a pure element. You could be digging in a mine and come across pure copper in a variety of forms.
Copper is fantastic at conducting electricity. Engineers have been using copper in electronics like AC, Refrigerators, TV, Washing Machine and any household items for years. With increasing demand for electric vehicles, the copper availability will become very crucial to safeguard our environment.
Copper is one of the majorly used element in our defense sector. Increase in Copper price can affect directly the general consumers, Indian Army , other industries and majorly the environment as copper would be the raw material for the electrical revolution to fight the Air pollution. Indirectly or directly, closure of Sterlite has impacted every citizen of India.