Goa Pradesh Congress Committee (GPCC) President Girish Chodankar has urged the Securities and Exchange Board of India (SEBI) to withhold the proposed listing of Vedanta Iron & Steel Ltd (VISL), alleging that the company has failed to disclose a liability of ₹16,500 crore linked to Goa’s iron ore mining sector.
In a representation to SEBI, Chodankar claimed that the amount is owed to the people of Goa and should be addressed before the company is allowed to proceed with its public listing. He argued that permitting the listing without full disclosure of the alleged liability could adversely affect future efforts to recover the dues.
The Congress leader maintained that transparency and accountability are essential in matters involving public resources and mining-related revenues. He contended that investors and regulatory authorities must be fully informed about any outstanding obligations that could have financial or legal implications.
Chodankar further warned that if VISL is allowed to go ahead with its proposed listing on June 15, 2026, without resolving the issue, it could complicate attempts to recover the alleged dues linked to Goa’s iron ore mining operations.
