Vedanta Limited — Others, 30-11-2024: Action(s) taken or orders passed

Vedanta Limited has received two orders from the Commissioner (Appeals), CGST, Central Excise & Customs, Bhubaneswar, confirming a penalty of ₹97.44 million related to GST payment issues for FY 2019-20, and ₹121.26 million concerning Transitional Credit for FY 2017-18. The company plans to appeal these orders and is optimistic about the outcome, indicating that they do not foresee a significant financial impact from these penalties. This situation may create a neutral sentiment among investors, but the potential for a favorable resolution could present an opportunity for positive outlook.