Skip to content
  • Facebook
  • X
  • Linkedin
  • WhatsApp
  • YouTube
  • Associate Journalism
  • About Us
  • Privacy Policy
  • 033-46046046
  • editor@artifex.news
Artifex.News

Artifex.News

Stay Connected. Stay Informed.

  • Breaking News
  • World
  • Nation
  • Sports
  • Business
  • Science
  • Entertainment
  • Lifestyle
  • Toggle search form
  • Access Denied Sports
  • Data-driven analytics platform launched for swift outbreak response
    Data-driven analytics platform launched for swift outbreak response Nation
  • Why did Hamas launch a surprise attack on Israel? | Analysis
    Why did Hamas launch a surprise attack on Israel? | Analysis World
  • Access Denied Sports
  • Access Denied
    Access Denied Nation
  • Access Denied
    Access Denied Nation
  • Hundreds of people order food online for protestors at Jantar Mantar
    Hundreds of people order food online for protestors at Jantar Mantar Nation
  • 80% of Gazans now displaced: UN humanitarian coordinator
    80% of Gazans now displaced: UN humanitarian coordinator World
Orissa High Court dismisses Vedanta’s plea for supply of bauxite at price as per 2004 deal

Orissa High Court dismisses Vedanta’s plea for supply of bauxite at price as per 2004 deal

Posted on October 1, 2026 By admin


The Orissa High Court on Thursday (October 1, 2026) dismissed Vedanta Aluminium Limited’s plea seeking a direction to the Odisha government to make 150 million tonnes of bauxite available at the price agreed upon in 2004. Based on the assurance of a guaranteed supply of the raw material, the company had made massive investments, it claimed in the petition.

A Division Bench of the High Court, comprising Chief Justice Harish Tandon and Judge Murahari Sri Raman, dismissed the writ petition by the Vedanta group after having found no merit in it.

In its petition, Vedanta urged that the Odisha government should respect the agreement which was entered into on October 5, 2004. The deal stipulated the supply of 150 million tonnes of bauxite at a price that stands on parity with other State-based manufacturers who benefited from captive mine operations. As per the agreement, Vedanta would bear the cost of extraction plus 50% royalty, together with other statutory dues.

Vedanta claimed, based on the State’s assurance, that it had made substantial investments for setting up alumina refinery and manufacturing plants. The company submitted that, despite the assurance, no supply of bauxite was made by the State, which caused them massive losses. The Odisha government reneged on its promise and demanded higher prices for the supply of bauxite, the company alleged. It laid the claim based on the principles of promissory estoppel, and sought for a direction by the court to the State to supply 150 million tonnes of bauxite at the assured rate.

Advocate General Pitambar Acharya appearing for the Odisha government argued that the writ petition was wholly misconceived, hopelessly barred by delay, laches, waiver and acquiescence and, therefore, liable to be dismissed.

Mr. Acharya further argued that “after termination of the Joint Venture Agreements, the company consciously accepted and acted upon the Long Term Linkage (LTL) regime framed by the State government. The termination in 2015 itself assured supply of bauxite under the prevailing LTL Policy. The company participated in the process initiated under the amended LTL policy.”

“Presently, supplies are being effected under the subsisting LTL sales agreement in 2023 valid till 2028. Thus, the conduct of the petitioner unequivocally establishes acceptance of the post-amendment of the MMDR Act in 2015 and, thereby, it abandoned right flowing from the terminated Joint Venture Agreements,” Mr. Acharya submitted.

‘Inconsistent stand’

“By way of written note of submission, the petitioner [the Vedanta group] clearly admitted to the fact that in 2018 it agreed to receive bauxite under the LTL Policy of 2018. However, it sought to revive its rights under the initial assurance being made by way of MoUs and Agreements prior to amendment to the MMDR Act in the year 2015,” said the division bench. “This is an inconsistent stand taken by the petitioner. It has been representing the Odisha government for resurrection of the Joint Venture Company (JVC) with the State-run Odisha Mining Corporation (OMC) so as to get the supply of bauxite at the old price,” the division bench observed.

“For basically two reasons, the petitioner’s claim cannot be countenanced. First, by participating in the subsequent process under the amended provisions of the Mines and Minerals (Development and Regulation) Act, 1957, it acquiesced by its own conduct. This is particularly so since the JVC was terminated in the presence of representatives of Sterlite/Vedanta and the OMC. The validity of the termination in 2015 was never questioned and, therefore, attained finality,” the High Court said.

It added, “the said termination remained unassailed by the petitioner at any point of time and has, thus, attained finality. After long lapse of time, the petitioner cannot seek revival or indirect enforcement of agreements.”

A Vedanta Aluminium spokesperson said, “the company is evaluating the order and the legal recourse available before it. The order does not impact the supply of bauxite to Vedanta Aluminium.”

Published – October 01, 2026 10:17 pm IST



Source link

Business Tags:Orissa High Court, vedanta 2004 bauxite deal

Post navigation

Previous Post: World undergoing profound structural changes: Japan Foreign Minister Motegi
Next Post: Handloom bazaar inaugurated in Vijayawada

Related Posts

  • Rupee rises 3 paise to close at 83.24 against U.S. dollar
    Rupee rises 3 paise to close at 83.24 against U.S. dollar Business
  • Access Denied Business
  • Larsen & Toubro Q1 net profit surges 14% to ₹4,123 crore supported by treasury gains, sales up 7%
    Larsen & Toubro Q1 net profit surges 14% to ₹4,123 crore supported by treasury gains, sales up 7% Business
  • Up 12.5%, February GST kitty is fourth highest ever
    Up 12.5%, February GST kitty is fourth highest ever Business
  • Access Denied
    Access Denied Business
  • RBI’s latest recommendations to regulate payment aggregators in offline spaces | Explained
    RBI’s latest recommendations to regulate payment aggregators in offline spaces | Explained Business

More Related Articles

Former Reserve Bank of India Governor Urjit Patel appointed IMF executive director Former Reserve Bank of India Governor Urjit Patel appointed IMF executive director Business
Rupee falls 1 paisa to record low of 85.92 against U.S. dollar in early trade Rupee falls 1 paisa to record low of 85.92 against U.S. dollar in early trade Business
PNG-migrated consumers can opt for transfer vouchers to restore LPG connection in future PNG-migrated consumers can opt for transfer vouchers to restore LPG connection in future Business
World Bank President Urges India To Focus On Trade Opportunities Over Tariffs Business
ADB cuts India’s FY26 growth forecast to 6.5% on U.S. tariff impact ADB cuts India’s FY26 growth forecast to 6.5% on U.S. tariff impact Business
Rolls-Royce welcomes U.K. trade deal, but India price impact remains uncertain Rolls-Royce welcomes U.K. trade deal, but India price impact remains uncertain Business
SiteLock

Archives

  • October 2026
  • September 2026
  • August 2026
  • July 2026
  • June 2026
  • May 2026
  • April 2026
  • March 2026
  • February 2026
  • January 2026
  • December 2025
  • November 2025
  • October 2025
  • September 2025
  • August 2025
  • July 2025
  • June 2025
  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • November 2024
  • October 2024
  • September 2024
  • August 2024
  • July 2024
  • June 2024
  • May 2024
  • April 2024
  • March 2024
  • February 2024
  • January 2024
  • December 2023
  • November 2023
  • October 2023
  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022

Categories

  • Business
  • Nation
  • Science
  • Sports
  • World

Recent Posts

  • Telangana invites Tamil Nadu businesses to join its growth journey
  • Colleges told to ensure drug-free campuses
  • Netanyahu’s rival vows to end Hamas rule within 18 months if elected
  • Congress names candidates for 3 Maharashtra MLC seats
  • Frustrated with Trump, voters overwhelmingly want change in Washington, an AP-NORC poll finds

Recent Comments

  1. CharlesGah on UP Teacher Who Asked Students To Slap Muslim Classmate
  2. Danielwhipt on UP Teacher Who Asked Students To Slap Muslim Classmate
  3. MerleEsozy on UP Teacher Who Asked Students To Slap Muslim Classmate
  4. hETRtxRDsALjPmoDyIQPomm on UP Teacher Who Asked Students To Slap Muslim Classmate
  5. Davidbrurf on UP Teacher Who Asked Students To Slap Muslim Classmate
  • India retains top spot in men’s ODI team rankings after annual update
    India retains top spot in men’s ODI team rankings after annual update Sports
  • Access Denied Business
  • Preity Zinta’s Emotional Rollercoaster As Shashank Singh Takes Punjab Kings To Win Over Gujarat Titans In IPL 2024 Match. Watch
    Preity Zinta’s Emotional Rollercoaster As Shashank Singh Takes Punjab Kings To Win Over Gujarat Titans In IPL 2024 Match. Watch Sports
  • Arsenal’s Premier League Title Hopes Suffer Yet Another Dent After 1-0 Defeat To Newcastle
    Arsenal’s Premier League Title Hopes Suffer Yet Another Dent After 1-0 Defeat To Newcastle Sports
  • Access Denied Business
  • French internet cables sabotaged, police say
    French internet cables sabotaged, police say World
  • China, Myanmar pursue deeper ties as leaders hold talks in Beijing
    China, Myanmar pursue deeper ties as leaders hold talks in Beijing World
  • The green cost: Close to 2 lakh trees to be felled for Bidadi AI Township
    The green cost: Close to 2 lakh trees to be felled for Bidadi AI Township Nation

Editor-in-Chief:
Mohammad Ariff,
MSW, MAJMC, BSW, DTL, CTS, CNM, CCR, CAL, RSL, ASOC.
editor@artifex.news

Associate Editors:
1. Zenellis R. Tuba,
zenelis@artifex.news
2. Haris Daniyel
daniyel@artifex.news

Photograher:
Rohan Das
rohan@artifex.news

Associate Journalists
1. Subrata Paul - AN/2020/01
2. Quamruz Zaman - AN/2021/22
3. Ahmed Sha - AN/2021/035
4. Ajay Kumar Shaw - AN/2021/39
5. Tahqiqul Hoda - AN/2021/21

Artifex.News offers Online Paid Internships to college students from India and Abroad. Interns will get a PRESS CARD and other online offers.
Send your CV (Subjectline: Paid Internship) to internship@artifex.news

Links:
Associate Journalism
About Us
Privacy Policy

News Links:
Breaking News
World
Nation
Sports
Business
Entertainment
Lifestyle

Registered Office:
72/A, Elliot Road, Kolkata - 700016
Tel: 033-22277777, 033-22172217
Email: office@artifex.news

Editorial Office / News Desk:
No. 13, Mezzanine Floor, Esplanade Metro Rail Station,
12 J. L. Nehru Road, Kolkata - 700069.
(Entry from Gate No. 5)
Tel: 033-46011099, 033-46046046
Email: editor@artifex.news

Copyright © 2023 Artifex.News Newsportal designed by Artifex Infotech.