/
•
•
Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Odisha’s State Pollution Control board had asked the company to pay the fine for allegedly disposing of fly ash incorrectly.
Anil Agarwal-led Vedanta has said in an exchange filing that it received a stay from the Orissa High Court on an order asking it to deposit an “environmental compensation” of more than Rs 71 crore for alleged incorrect disposal of fly ash.
The State Pollution Control Board, Odisha, sent a letter to the company on 10 April, asking it to deposit a compensation of Rs 71,16,53,320. “The Company intends to take legal recourse in the present matter before the appropriate forum. The Company is hopeful of a favorable outcome thereof and does not expect the said Order to have any …
After a strong listing, Vedanta Aluminium Metal is running into some headwinds. Aluminium prices are easing, but the sharper challenge is rising competition from Kumar Mangalam Birla and Gautam Adani.
Record earnings and a cleaner balance sheet offer relief, but muted production growth, delayed projects and a heavy reliance on favourable commodity cycles could weigh on the newly demerged entities of Anil Agarwal’s mining-to-metals group.
Despite a higher offer, creditors chose Gautam Adani’s Adani Enterprises—setting up a courtroom fight that raises questions over the bankruptcy resolution process’s priorities.
