Hindustan Zinc Limited — Others, 14-01-2025: Action(s) taken or orders passed

Hindustan Zinc Limited has received a penalty order totaling ₹41.11 Cr and ₹51.45 Cr from the Office of the Deputy Commissioner of State Tax, Udaipur, related to Input Tax Credit disputes from FY 2018-19 and FY 2019-20. The company plans to appeal the order, expressing optimism for a favorable outcome, and does not anticipate any significant financial impact from this penalty. Investor sentiment may remain stable, given the company’s proactive approach to resolving the issue and its expectation of a positive result from the appeal.