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No waive of penalty on Vedanta: Odisha Govt
Edited by : AL CIRCLE
1 min read
Odisha governemnt Tuesday made it clear that there was no proposal of waiving penalty on Vedanta Aluminium Limited (VAL) which allegedly drew water from the Hirakud reservoir before signing formal agreement with the water resources department.
"Penalty against VAL will not be waived. The company was found drawing water from the Hirakud reservoir before signing the agreement," Water Resources Secretary S C Mohapatra told reporters here.
The issue relating to the state government's move to waive penalty of Rs 9 crore on VAL was raised in the recently concluded winter session of the assembly.
"As the company drew water from the reservoir before the agreeement, the government had imposed penalty at the rate of six times than the normal water rate," an official said.
The company sources, however, said that it wanted waive of the penalty as VAL was entitled to get rebate of 50 percent on water rate from government sources and 25 percent on government controlled water sources according to the state government's industrial policy resolution-2001.
VAL had been requesting the govenrment to provide rebate in accordance with the provision of its MoU, a company official pointed out.
"Penalty against VAL will not be waived. The company was found drawing water from the Hirakud reservoir before signing the agreement," Water Resources Secretary S C Mohapatra told reporters here.
The issue relating to the state government's move to waive penalty of Rs 9 crore on VAL was raised in the recently concluded winter session of the assembly.
"As the company drew water from the reservoir before the agreeement, the government had imposed penalty at the rate of six times than the normal water rate," an official said.
The company sources, however, said that it wanted waive of the penalty as VAL was entitled to get rebate of 50 percent on water rate from government sources and 25 percent on government controlled water sources according to the state government's industrial policy resolution-2001.
VAL had been requesting the govenrment to provide rebate in accordance with the provision of its MoU, a company official pointed out.
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