Hindustan Zinc Ltd (HZL), a Vedanta Group company, has been directed by the State Pollution Control Board, Odisha, to pay Rs 71.1 crore as environmental compensation for the alleged unauthorised disposal of fly ash, which is a fine byproduct generated during coal combustion in power plants.

According to a regulatory filing, the Member Secretary of the board requested HZL to deposit Rs 71,16,53,320 in connection with the environmental violation. The company, however, plans to challenge the directive through legal channels.

HZL stated that it is optimistic about securing a favourable outcome and does not anticipate any material financial impact on its operations from the order.

Vedanta Ltd, the parent company, is a global natural resources giant with operations spanning India, South Africa, Namibia, Liberia, UAE, Korea, Taiwan, and Japan. Its business interests include oil and gas, metals like zinc, lead, silver, and copper, as well as power, glass substrates, and upcoming ventures into semiconductors and display glass.

Wondering About Hindustan Zinc Ltd? The Analyst Has Answers.

Discover the next big investment! Unicorn Signals’ IPO screener helps you identify promising initial public offerings. Download Unicorn Signals and get ahead of the curve! Sign Up Now & Find Your Next IPO Gem!