ALPHA TRIBE

Vedanta LimitedOthers, 14-08-2025: Action(s) taken or orders passed

14-08-2025 | 05:06 pm

Vedanta's subsidiary, Bharat Aluminium Company Limited (BALCO), has received a penalty order of approximately 1.03 Cr from the Income Tax Department for the assessment year 2011-12. BALCO intends to appeal this order and file a rectification application. The company expects a favorable outcome and clarifies that this penalty is not anticipated to have a material financial impact on its operations or financials.

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