Vedanta Limited — Others, 08-02-2025: Action(s) taken or orders passed

Vedanta Limited has received two orders from the Office of the Commissioner, CGST & Central Excise, Rourkela, imposing penalties totaling ₹141.36 crore (cr) related to the availment of ineligible Input Tax Credit (ITC) during FY 2017-18 to FY 2019-20. The company plans to appeal these orders, expecting a favorable outcome and indicating that the financial impact is not expected to be material. This could potentially reassure investors regarding the company’s financial health, presenting an opportunity for a positive outlook if the appeal is successful.