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The latest announcement is out from Adani Wilmar Limited ( (IN:AWL) ).
Adani Wilmar Limited has received an order from the Office of the Assistant Commissioner of CGST & Central Excise, imposing a penalty of Rs. 1,89,28,794 under the Delhi GST Act, 2017, due to non-reversal of ITC and misclassification of certain products under exempted categories. Despite the penalty, Adani Wilmar plans to appeal the order and does not anticipate any substantial impact on its financial or operational activities.
More about Adani Wilmar Limited
Adani Wilmar Limited operates in the consumer goods industry, primarily focusing on edible oils, food products, and other essential commodities. The company is a joint venture between the Adani Group and Wilmar International, and it holds a significant market position in India as a leading supplier of branded consumer products.
YTD Price Performance: -19.56%
Average Trading Volume: 272,042
Current Market Cap: 344B INR
Learn more about AWL stock on TipRanks’ Stock Analysis page.