Vedanta Limited — Others, 05-02-2025: Action(s) taken or orders passed

Vedanta Limited has received a penalty order from the Office of the Commissioner of CGST & Central Excise in Jodhpur, totaling ₹29.12 crore, related to an oil and gas block where it operates. The penalty primarily arises from issues surrounding Input Tax Credit (ITC) availment and GST liabilities on corporate guarantees. The company’s share of this penalty is ₹27.27 crore. Vedanta is currently assessing its next steps in response to the order. This situation may lead to a cautious sentiment among investors, given the financial implications and operational disruptions that could arise from the ongoing evaluation.