Hindustan Zinc faces Rs 28o.83 billion tax penalty

29 Dec 2023 CW Team

Hindustan Zinc, a major player in the mining and metal industry, has received a tax penalty notice amounting to Rs 280.83 billion. The notice, issued by the tax authorities, pertains to alleged discrepancies in tax filings, raising concerns for the company.

The tax penalty notice is the result of a scrutiny conducted by the tax department, which identified irregularities in Hindustan Zinc's tax submissions. The company now faces the task of addressing the concerns raised by the authorities and providing clarifications to resolve the matter.

Hindustan Zinc, a subsidiary of Vedanta, operates in the production of zinc, lead, and silver. The imposition of a substantial tax penalty poses a financial challenge and necessitates a meticulous examination of the tax-related discrepancies cited by the authorities.

The mining and metal industry plays a crucial role in India's economy, and Hindustan Zinc's operations contribute significantly to this sector. The tax penalty notice underscores the importance of adherence to tax regulations and the need for companies to maintain accurate and transparent financial records.

As Hindustan Zinc navigates the process of addressing the tax penalty notice, the incident serves as a reminder for businesses to prioritise rigorous compliance with tax laws. Resolving the matter efficiently will be crucial for Hindustan Zinc to mitigate financial implications and maintain its standing in the mining and metal industry.

Real Estate

08 May 2026

Integrated Waterproofing Strategies

Waterproofing buildings used to be an annual pre-monsoon affair but the evolution of real-estate development has changed that approach. In new developments, developers are weaving waterproofing solutions into both the design and construction phases, an approach that Nikhil Madan, Managing Director, Mahima Group, says, “is all about ensuring lasting durability [of the building] and keeping lifecycle risks including water seepage and extensive maintenance to a minimum.”Watertight by designAluminium formwork systems aren’t commonly thought of as a waterproofing tool but at the Mahima Group,..

GROHE Showcases Water-Led Design At Milan

GROHE unveiled its GROHE SPA Aqua Sanctuary at Milan Design Week 2026, transforming Piccolo Teatro Studio Melato into an immersive showcase of water, design and wellbeing. Built on the philosophy of ‘Wellbeing Through Water’, the installation reimagined bathrooms as holistic spaces for relaxation, rejuvenation and self-care.The Aqua Sanctuary was presented through three interconnected sanctums. The first showcased the 3D-printed GROHE SPA AquaTree shower and faucet, highlighting bespoke innovation and biophilic design. The second featured the Atrio Private Collection and GROHE SPA x Buster..

Rahee Group Expands Rail Manufacturing Capacity

Rahee Group has outlined a multi-year investment roadmap to expand its operational footprint and strengthen manufacturing capabilities for India’s growing railway and urban transit sector. The Group is expanding in Odisha with a new Track Component Casting Unit, for which the groundbreaking ceremony was held on 8 April 2026 in the presence of Odisha Chief Minister Mohan Charan Majhi.The Group’s flagship EPC arm, Rahee Infratech Ltd, continues to focus on complex rail infrastructure projects, including track systems, bridges, viaducts and ballastless infrastructure. Its wholly owned subsidi..