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Vedanta Gets HC Relief on ₹29 Cr Guarantee
Mint Chennai
|August 01, 2025
Vedanta won the coal mine in a 2020 auction. The mine is critical to powering the company's aluminium ops
The Delhi High Court has granted interim relief to Vedanta Ltd, in an order dated 24 July, directing status quo on the coal ministry's move to appropriate ₹29.23 crore from the company's ₹263.17 crore performance bank guarantee amid a dispute over delays at its Radhikapur (West) coal mine in Odisha.
Vedanta had challenged a 21 July order by the coal ministry's Nominated Authority directing the appropriation from its ₹263.17 crore guarantee. In its writ petition, a copy of which was reviewed by Mint, the company sought a stay on the order and an extension of project milestones, citing regulatory delays and unforeseen ecological issues.
Esta historia es de la edición August 01, 2025 de Mint Chennai.
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