Hindustan Zinc Ltd (HZL), a Vedanta Group firm, has been directed by the State Air pollution Management Board, Odisha, to pay Rs 71.1 crore as environmental compensation for the alleged unauthorised disposal of fly ash, which is a positive byproduct generated throughout coal combustion in energy vegetation.
In response to a regulatory submitting, the Member Secretary of the board requested HZL to deposit Rs 71,16,53,320 in reference to the environmental violation. The corporate, nonetheless, plans to problem the directive by way of authorized channels.
HZL said that it’s optimistic about securing a beneficial final result and doesn’t anticipate any materials monetary influence on its operations from the order.
Vedanta Ltd, the mother or father firm, is a world pure sources big with operations spanning India, South Africa, Namibia, Liberia, UAE, Korea, Taiwan, and Japan. Its enterprise pursuits embody oil and gasoline, metals like zinc, lead, silver, and copper, in addition to energy, glass substrates, and upcoming ventures into semiconductors and show glass.
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