Vedanta Hit with ₹71 Crore Fine for Fly Ash Disposal, Vows Legal Challenge

faces a ₹71.16 crore fine from Odisha's pollution board for alleged improper fly ash disposal, a byproduct of coal combustion. Vedanta denies the allegations, planning legal action. Despite this, shares rose 2.65%, and Investec upgraded the stock to "buy," citing strong future cash flow and dividends. The fine highlights growing ESG scrutiny, while investor confidence remains, driven by positive financial outlooks.