Mumbai, January 19, 2026: Vedanta Limited on Monday informed that its subsidiary ESL Steel Limited has received demand notices amounting to ₹1,255.38 crore related to two iron ore mining leases in Odisha.
The demand pertains to the BICO and Feegrade iron ore mines and is linked to an alleged shortfall in meeting minimum production and dispatch targets during the fourth year of operations under the mine development and production agreement executed in November 2021. The notices were issued on January 16 and received by the subsidiary on January 17, 2026.
Company Response
ESL Steel stated that it is currently examining the demand notices along with the related calculations and believes that the claims are not sustainable on merits. The company has indicated that it intends to pursue appropriate legal remedies, including seeking a stay on the demands and other suitable reliefs.Vedanta added that the matter is under evaluation and further steps will be taken based on legal advice. No immediate impact on ongoing mining operations has been indicated at this stage.
About the Company
Vedanta Limited is a diversified natural resources group listed on the BSE and NSE, with operations across zinc, aluminium, oil and gas, iron ore, steel, and power. ESL Steel Limited, a wholly owned subsidiary, forms part of Vedanta’s steel and iron ore business and operates integrated mining and steel assets in eastern India.Source:
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