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Dalmia Bharat Ltd. ( (IN:DALBHARAT) ) just unveiled an announcement.
Dalmia Bharat Limited announced that its wholly-owned subsidiary, Dalmia Cement (Bharat) Limited, has successfully resolved adjudication proceedings concerning show cause notices related to GST discrepancies for the assessment years 2019-20 and 2022-23. The Sales Tax Officer in Tamil Nadu has dropped the tax and penalty demands, totaling over INR 266 crore, resulting in no financial impact on the company. This development is a positive outcome for Dalmia Bharat, as it alleviates potential financial liabilities and reinforces its compliance standing, potentially enhancing its reputation and stability in the market.
More about Dalmia Bharat Ltd.
Dalmia Bharat Limited is a prominent player in the Indian cement industry, primarily engaged in the production and distribution of cement and related products. The company is part of the Dalmia Bharat Group and operates with a focus on expanding its market presence across India.
Average Trading Volume: 21,292
Technical Sentiment Signal: Hold
Current Market Cap: 378.5B INR
See more insights into DALBHARAT stock on TipRanks’ Stock Analysis page.