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HC Upholds Vedanta's Cost Recovery, Rejects Govt Plea
Mint Bangalore
|July 12, 2025
Delhi High Court allows mining firm to keep adjusting dues from Barmer oil block earnings
In a setback for the Union government, the Delhi High Court on Friday dismissed its plea to restrain Vedanta Ltd from deducting payments from its revenue share in certain Rajasthan oil and gas fields. Justice Jasmeet Singh, in his interim order as part of an arbitration dispute, rejected the government's request to stop Vedanta from implementing a 2023 arbitral award. So far, Vedanta has adjusted $377 million (about ₹3,235 crore) from provisional revenue estimates for the second, third and fourth quarters of 2023-24 and is yet to adjust another $157 million (₹1,347 crore).
Denne historien er fra July 12, 2025-utgaven av Mint Bangalore.
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FLERE HISTORIER FRA Mint Bangalore
Mint Bangalore
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