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GAIL (India) Limited ( (IN:GAIL) ) has issued an update.
GAIL (India) Limited has disclosed that the Joint Commissioner of Customs in Mumbai has issued an order demanding a differential custom duty, along with interest, fines, and penalties, due to the denial of a concessional rate of duty on an imported consignment. The financial impact on GAIL includes a penalty of Rs.12,33,830 and a fine of Rs.9,50,000, which may affect its financial operations and stakeholder interests.
More about GAIL (India) Limited
GAIL (India) Limited operates in the natural gas industry, focusing on the transmission, distribution, and processing of natural gas. It is a key player in the Indian energy sector, providing a range of services including the production and marketing of petrochemicals and liquid hydrocarbons.
Average Trading Volume: 649,835
Technical Sentiment Signal: Hold
Current Market Cap: 1146.4B INR
For an in-depth examination of GAIL stock, go to TipRanks’ Overview page.