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ACC Limited ( (IN:ACC) ) just unveiled an announcement.
ACC Limited has announced that it received two penalty orders from the Income Tax Department for the assessment years 2015-16 and 2018-19, due to alleged inaccuracies and under-reporting in income declarations. The company plans to contest these penalties, which amount to significant financial implications, by filing appeals and seeking a stay on the demands. This development could impact ACC Limited’s financial standing and stakeholder confidence as it navigates the legal proceedings.
More about ACC Limited
ACC Limited operates in the construction materials industry, primarily focusing on the production and distribution of cement and ready-mix concrete. The company is headquartered in Ahmedabad, Gujarat, India, and is part of the Adani Group, a prominent conglomerate with diverse business interests.
Average Trading Volume: 19,457
Technical Sentiment Signal: Sell
Current Market Cap: 343.5B INR
See more data about ACC stock on TipRanks’ Stock Analysis page.