Vedanta contributes over Rs 2.74 lakh crore to exchequer in past 10 years
3rd Sep 2021

Demonstrating its commitment towards the highest standards of corporate governance, Vedanta has unveiled the sixth edition of its ‘Tax Transparency Report’ for the fiscal 2020-2021. The report highlights the conglomerate’s focus on transparency, greater accountability towards stakeholders, compliance and details of economic contribution to the society by way of taxes paid.

During FY 2020-21 Vedanta’s contribution to the exchequer was Rs. 34,562 crore which accounts for 40% of the consolidated turnover. Despite the challenges posed by the Covid pandemic during the fiscal, Vedanta’s tax contribution in FY 21 was nearly Rs 550 crore higher than the previous financial year.

The tax contribution includes Corporate Income taxes, royalties, profit-oil, and significant indirect contributions by way of withholding taxes and Indirect taxes. Over the past 10 years, the company has made a total contribution of Rs 2.74 lakh crore to the national exchequer.

Vedanta is a diversified natural resources company, whose business primarily involves producing oil and gas, zinc- lead-silver, copper, iron ore, aluminium and commercial power.