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Karnataka High Court cancels ₹482.69 crore penalty on ACC

after close1 source ↓written by the desknot a recommendation

under the MMDR
31 March 2030

The Karnataka High Court has set aside a ₹482.69 crore penalty against ACC Limited, a subsidiary of Adani Group, regarding limestone mining in Kalaburagi. The Court ruled that ACC's mining lease is extended until 31 March 2030 under the MMDR Act, dismissing the State Government's challenge on royalty calculations. This decision may positively impact ACC's operational stability and financial outlook.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 13 Sept 2026, 16:10 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

ACC closed −1.7% on the day of the news, from ₹1,246.50 to ₹1,225.20; Nifty −1.2% over the same session.

Bulletin at 16:10 IST on 13 Sept 2026. Every change is measured from ₹1,246.50, the last close before it, on 11 Sept. Nifty 50 is measured over the same sessions.

  • ACC close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
ACC closes around the bulletin against the close before the news, with Nifty 50 rebased to it113212471361axis spans 20%before the news · 11 Sept1247Nifty 50ACCbulletinD0+1+3+57 Sept18 Sept29 SeptReference close ₹1,246.50. 16 sessions from 7 Sept to 29 Sept; the price axis spans 20 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before11 Sept₹1,246.50basebase
On the day15 Sept₹1,225.20▼ −1.7%▼ −1.2%−0.5 pp difference
+1 session16 Sept₹1,226.60▼ −1.6%▼ −0.8%−0.8 pp difference
+3 sessions18 Sept₹1,259.70▲ +1.1%▼ −0.2%+1.3 pp difference
+5 sessions22 Sept₹1,238.20▼ −0.7%▼ −0.3%−0.4 pp difference
Gap at the open, % · ₹
▼ −0.9%−11.59 on 15 Sept
Day's range, % · ₹
4.9%≈ 61 high to low
Volume on the day
1.76×the 20-session average
Futures OI on the day
—
Futures OI open, lots
—
Futures premium, ₹
—
Puts per call, by OI
—
Max pain
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