In the last financial year of Apr’15 to Mar’16, Vedanta Resources has paid more than USD 2 billion (over Rs 13,300 crores) in taxes, royalties, license fees and other payments to India. This comes as a compliance to the UK government mandate for UK companies in the mining sector to publicly disclosing payments made to governments in countries where they undertake such operations. The disclosure includes payments made in excess of USD 130,000 for the year ending on March 31, 2016. The London-listed firm has paid around USD 1.53 billion to India in taxes, royalties, license 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. In total, the firm led by Anil Agrawal has paid about USD 2.18 billion in taxes, royalties, license fees and other payments to countries where it does business, most of which was paid to India (around ...
There's much more to the mere word 'Aluminium'. It has been called The Metal of The Future, a metal which finds its place in every aspect of the world we are building today. Take a peek into the of Aluminium, every day, enriching a billion lives.