Vedanta Limited has informed the Exchange about Action(s) taken or orders passed
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Vedanta Limited has received an order from the Office of the Principal Commissioner of Central Tax, Visakhapatnam, confirming a total penalty of about INR 145.95 crores along with demand and applicable interest. The order relates to non-payment or delayed payment of Special Additional Excise Duty (SAED) on an oil & gas block where Vedanta is the operator, covering the period from July 2022 to March 2024. The bulk of the penalty (around INR 115 crores) pertains to its partner Videocon's share in the block, while Vedanta's own share of the penalty works out to just INR 6.96 crores. The order was passed on April 30, 2025, and received by the company on May 15, 2025. The company has stated it is evaluating its next course of action, which may include filing an appeal.
The direct financial hit for Vedanta shareholders is small at roughly INR 6.96 crores since the majority of the liability belongs to its joint venture partner Videocon. Still, the development adds to Vedanta's tax and regulatory overhang and could trigger a mild negative sentiment in the near term.