Vedanta pays over $2 bn in royalties, taxes to India in FY16

Vedanta pays over $2 bn in royalties, taxes to India in FY16

FPJ BureauUpdated: Thursday, May 30, 2019, 12:19 PM IST
article-image

New Delhi : Mining giant Vedanta Resources has paid more than $2 billion (over Rs 13,300 crore) in taxes, royalties, licence fees and other payments to India in the last financial year ended March 2016. In total, the firm led by billionaire Anil Agrawal has paid about $ 2.18 billion in taxes, royalties, licence fees and other payments to countries where it does business, most of which was paid to India (around $ 2.11 billion) in 2015-16. The London-listed firm has paid around $ 1.53 billion to India in taxes, royalties, licence fees and other payments for its cash-rich arm oil firm Cairn India, while it has paid close to USD 530 million for the zinc miner Hindustan Zinc Ltd (HZL) in the last fiscal, it said in a regulatory filing.   Similarly, the diversified mining conglomerate paid more than USD 54 million for Vedanta Copper in India.

RECENT STORIES

Game-Changing Alliance: Ambani's Reliance Ventures Into Adani's Power For The First Time; Acquires...

Game-Changing Alliance: Ambani's Reliance Ventures Into Adani's Power For The First Time; Acquires...

SRM Contractors IPO Subscribed 86.57 Times On Last Day Of Bidding

SRM Contractors IPO Subscribed 86.57 Times On Last Day Of Bidding

Tax-Saving Tip From Zerodha CEO Nithin Kamath: 'If You're Married And Hindu..."; Here's How To Save...

Tax-Saving Tip From Zerodha CEO Nithin Kamath: 'If You're Married And Hindu...

Holy Cities Like Ayodhya, Varanasi Attracting Big Retail Brands: Report

Holy Cities Like Ayodhya, Varanasi Attracting Big Retail Brands: Report

A Big Relief For Byju's: NCLT Rejects Investor Plea To Stay Byju's Rights Issue EGM On March 29 Amid...

A Big Relief For Byju's: NCLT Rejects Investor Plea To Stay Byju's Rights Issue EGM On March 29 Amid...