Vedanta Limited — Others, 16-11-2024: Action(s) taken or orders passed

Hindustan Zinc Limited (HZL) has disclosed a penalty order of ₹1.08 crore from the Office of the Commissioner of Central Excise & CGST, related to Input Tax Credit issues for FY 2020-21. The company received this order on November 15, 2024, but is planning to appeal for a favorable outcome, indicating confidence that this matter will not significantly impact its financials. Despite the penalty, the outlook remains optimistic as HZL seeks to resolve the situation, potentially maintaining investor sentiment.