Hindustan Copper Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
HINDCOPPER · price
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Hindustan Copper Limited has received an updated water tax demand of Rs.92.166 crore from the Subarnrekha Canal Division, Water Resource Department, Jharkhand. This replaces the earlier demand of Rs.216 crore. The revised amount includes water charges of Rs.46.623 crore and a penalty of Rs.45.543 crore covering the period from 2000-01 to October 2025. The company is currently evaluating the calculation and plans to request a waiver of the penalty component. This is an update to ongoing litigation between HCL and the State of Jharkhand regarding water consumption charges from the Subarnrekha river.
If the full demand of Rs.92.166 crore is upheld, it could create a significant one-time liability for the company. The potential waiver of the Rs.45.543 crore penalty, if granted, would reduce the financial impact. Shareholders should monitor how this dispute is resolved as it may affect the company's quarterly financials.