Hindustan Zinc Limited — Important, 24-10-2024: General Updates

Hindustan Zinc Limited has received two orders from the Office of the Commissioner of Central Excise, imposing a penalty of Rs. 1.77 crore related to Cenvat Credit reversals for the period FY 2011-12 to June 2017. The company plans to appeal the orders, expressing confidence that the outcome will be favorable and expecting no material financial impact from the orders.