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Updated on: Thursday, May 30, 2019, 12:19 PM IST

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

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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.

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Published on: Monday, October 03, 2016, 06:29 AM IST
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