Legal20 Apr 2025, 03:30 am
Vedanta Ltd Wins Stay Order on Environmental Compensation of INR 71,16,53,320
AI Summary
Vedanta Ltd has been granted a stay order by the Hon'ble High Court of Orissa on the Environmental Compensation of INR 71,16,53,320. The stay order was granted in response to the Company's appeal against the letters issued by the Member Secretary, State Pollution Control Board, Odisha, dated December 17, 2024, and April 10, 2025. The letters requested the Company to deposit the aforementioned amount for alleged incorrect disposal of fly ash. Vedanta Ltd believes it has a strong case on merits and is hopeful of a favorable outcome.
Key Highlights
- Vedanta Ltd has been granted a stay order by the Hon'ble High Court of Orissa
- The stay order is in response to the Company's appeal against letters issued by the State Pollution Control Board, Odisha
- The letters requested Vedanta Ltd to deposit INR 71,16,53,320 for alleged incorrect disposal of fly ash
- Vedanta Ltd believes it has a strong case on merits
- The Company is hopeful of a favorable outcome