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HeidelbergCement India Faces IGST Demand, Sees No Material Impact

Story Highlights
  • HeidelbergCement India received a GST order levying IGST of Rs 1.41 crore, plus equal penalty and interest.
  • The company says the tax demand is not materially impactful and plans to contest it through legal channels.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
HeidelbergCement India Faces IGST Demand, Sees No Material Impact

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Heidelbergcement India Limited. ( (IN:HEIDELBERG) ) has issued an update.

HeidelbergCement India Limited has disclosed that it received an order from the Assistant Commissioner of CGST Division Damoh, imposing Integrated GST of Rs 1.41 crore along with an equivalent penalty and applicable interest. The order, issued under provisions of the IGST and MPGST Acts, is not expected to have a material impact on the company’s financials or operations, and the company is reviewing the matter and plans to contest the demand through available legal options.

More about Heidelbergcement India Limited.

HeidelbergCement India Limited is a listed cement manufacturer operating in India, producing and marketing cement and related building materials. The company serves the construction and infrastructure sectors, with its shares traded on both BSE and the National Stock Exchange under the symbol HEIDELBERG.

Average Trading Volume: 7,963

Technical Sentiment Signal: Sell

Current Market Cap: 32.76B INR

See more data about HEIDELBERG stock on TipRanks’ Stock Analysis page.

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