Business Standard reported that Vedanta Ltd mines in Goa will be impacted following the Supreme Court judgment to cancel the second renewal of 88 iron ore mining leases in the state. The apex court on Wednesday quashed the second renewal of 88 iron ore mining leases in Goa in 2015, saying the sole motive of the companies behind the commercial activity was profit maximization and no social purpose was attached to it.

The company said in a statement that Vedanta is assessing the financial and operational impact of the said judgment that "The company's mines in Goa will be impacted consequent to the judgment of Supreme Court."

The apex court in its judgment directed to stop all mining operations in Goa with effect from March 16.

The company said that "The Supreme Court has directed that the mining lease holders who have been granted the second renewal are given time to manage their affairs and may continue their mining operations till March 15, 2018."