Vedanta shares rise 3%, High Court stays environmental compensation claim

Investing.com -- Shares of Indian mining company Vedanta (NYSE:VEDL) rose by 3% to 412 rupees, marking a gain for the fifth consecutive session.

The company, a conglomerate with interests in oil and metals, reported that the High Court of Orissa has put a hold on an environmental compensation demand of 711.7 million rupees ($8.4 million).

The demand was raised due to an alleged incorrect disposal of fly ash. However, Vedanta stated that it has a "strong case on merits".

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads.VDAN: A Bull or Bear Market Play?

Don't miss out on the next big opportunity! Stay ahead of the curve with ProPicks AI – 6 model portfolios fueled by AI stock picks with a stellar performance this year... In 2024 alone, ProPicks AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. That's an impressive track record. With portfolios tailored for Dow stocks, S&P stocks, Tech Stocks, and Mid Cap stocks, you can explore various wealth-building strategies. So if VDAN is on your watchlist, it could be very wise to know whether or not it made the ProPicks AI lists.

Unlock ProPicks AI now