Vedanta (VEDL) — Announcement

Vedanta's subsidiary Talwandi Sabo Power Limited lost a Supreme Court appeal on August 19, 2025, challenging deemed export benefits under India's Foreign Trade Policy for its 700 MW dual coal thermal power plant. The Court upheld the lower tribunal's ruling that FTP Para 8.3 benefits do not apply to in-situ immovable assets like power generating stations, only movable goods. Vedanta is reviewing the judgment and exploring legal options. This eliminates potential customs duty exemptions on capital goods imports and deemed export drawback claims.

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About Vedanta Limited (VEDL)

Metals & Mining · Diversified Metals · Listed on NSE

Market Cap: ₹1,29,453.4 Cr P/E: 7.3

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