Vedanta Ltd has received a penalty order of ₹15.43 lakh from the Assistant Commissioner of GST & Central Excise, Jharsuguda, Orissa. The notice relates to an issue from FY2016-17 concerning the payment of Central Excise Duty and the alleged misuse of Central Value Added Tax (CENVAT) credits.
In addition to the penalty, the tax department has also demanded the payment of tax and applicable interest on the same matter. Vedanta stated in its exchange filing that it received the order on July 23, 2025, and it was originally issued on June 19, 2025.
Vedanta plans to challenge the penalty by appealing to the appropriate authority. It also mentioned that it does not expect any material financial impact from this penalty.
This isn’t the first time Vedanta has faced such tax issues:
Separately, Vedanta recently emerged as the preferred bidder for the Janthakal Iron Ore Mine in Karnataka. The mining area spans 71.16 hectares, and the final licence will be granted after necessary clearances and payment of guarantees.
Vedanta Limited is a multinational mining company based in Mumbai, India. It primarily operates in the mining of iron ore, gold, and aluminium across states like Goa, Karnataka, Rajasthan, and Odisha.
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As of July 25, 2025, Vedanta share price (NSE: VEDL) is trading at ₹444.40, down 1.54% for the day. The stock has a market capitalisation of ₹1.74 lakh crore and a P/E ratio of 10.96. Its dividend yield stands at 8.89%, and the latest quarterly dividend amount is ₹9.88. The stock's 52-week high is ₹526.95, while the 52-week low is ₹363.00.
Vedanta continues to face scrutiny over past tax practices, with the latest ₹15.43 lakh penalty adding to its list. However, the company is actively appealing the decisions and maintains that these developments won't have a significant financial impact. Meanwhile, its successful bid for the Janthakal mine shows it remains focused on expanding its core business operations.
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Published on: Jul 25, 2025, 2:20 PM IST
Kusum Kumari
Kusum Kumari is a Content Writer with 4 years of experience in simplifying financial market concepts. Currently crafting insightful content at Angel One, She specialise in breaking down complex topics into easy-to-understand pieces, blending expertise in market fundamentals and technical analysis.
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