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BGR Energy Systems Limited ( (IN:BGRENERGY) ) has provided an announcement.
BGR Energy Systems Limited has received a demand order under the CGST and OGST Acts for the financial year 2022-2023, citing excess Input Tax Credit (ITC) availed by the company. While the demand for FY 2021-22 was dropped, the adjudicating authority confirmed a demand of Rs. 36,14,294 for FY 2022-23, along with a penalty. The company plans to appeal this decision, which could impact its financial operations and stakeholder interests.
More about BGR Energy Systems Limited
BGR Energy Systems Limited operates in the energy sector, focusing on providing engineering, procurement, and construction services for power projects. The company is known for its involvement in power generation and infrastructure development, catering primarily to the Indian market.
Average Trading Volume: 131,903
Technical Sentiment Signal: Buy
Current Market Cap: 30.6B INR
For an in-depth examination of BGRENERGY stock, go to TipRanks’ Overview page.