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Vedanta gets Rs 97.48 crore penalty for illegal mining royalty

29 Aug 2018 Evaluate

Vedanta has received Rs 97.48 crore of demand notice from the Goa's directorate of mines and geology towards non-payment of royalty for the financial years 2011 to 2013. The company is alleged to have illegally mined iron ore to the tune of 20,76,746 tonne during this period.

Vedanta is a diversified natural resources company, whose business primarily involves producing oil and gas, zinc- lead-silver, copper, iron ore, aluminium and commercial power.

Peers
Company Name CMP
Hindalco Industries 981.90
Vedanta 264.35
Hindustan Zinc 576.05
Jain Resource Recycl 284.70
CMR Green Tech 216.55
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