Odisha to sign fresh MoU with Sesa Sterlite.

The Odisha government is taking steps to sign a fresh Memorandum of Understanding (MoU) with Sesa Sterlite Ltd., after the merger of Vedanta Aluminium Ltd. (VAL) with it.

The move comes after the state law department advised the industries department to substitute the earlier MoU with a fresh one mentioning the new entity.

'Kindly furnish the draft MoU to be signed between-industries department and M/ s Sesa Sterlite Ltd. as advised by the law department in substituting the earlier MoU signed between the industries department with M/s Vedanta Aluminium Ltd. on the wake of amalgamation of VAL with M/s Sesa Sterlite,' said S C Nayak, additional secretary with the industries department in a letter to Industrial Promotion And Investment Corporation Of Odisha Limited (IPICOL).

BS