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An announcement from Crompton Greaves Consumer Electricals Ltd. ( (IN:CROMPTON) ) is now available.
Crompton Greaves Consumer Electricals Limited announced that the Commissioner of Vasai-Virar City Municipal Corporation has upheld a previous order demanding significant tax, penalty, and interest payments for the financial years 2014-15 and 2015-16. The company plans to appeal this decision, expecting a favorable outcome based on legal advice and the merits of the case. This development could have a substantial financial impact on the company, with potential liabilities amounting to over Rs. 9 crore.
More about Crompton Greaves Consumer Electricals Ltd.
Crompton Greaves Consumer Electricals Limited operates in the consumer electricals industry, providing a range of electrical products including fans, lighting, pumps, and household appliances. The company focuses on delivering innovative and energy-efficient solutions to its customers, maintaining a strong presence in the Indian market.
YTD Price Performance: -8.50%
Average Trading Volume: 87,758
Current Market Cap: 221.2B INR
Find detailed analytics on CROMPTON stock on TipRanks’ Stock Analysis page.
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