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Vedanta gets Rs 97.5-crore penalty for illegal mining royalty

Updated : August 29, 2018 06:36 AM IST

The company is alleged to have illegally mined iron ore to the tune of 20,76,746 tonne during this period, according to the directorate of mines and geology (DMG).
The notice, issued today by the DMG, Prasanna Acharya, directs Vedanta to pay the principal royalty amount of Rs 54.48 crore within 14 days and the interest of Rs 43.03 crore in the next seven days. The total adds up to Rs 97.48 crore.
Vedanta gets Rs 97.5-crore penalty for illegal mining royalty

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