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Kalpataru Projects International Limited ( (IN:KPIL) ) has issued an update.
Kalpataru Projects International Limited announced that the Hon’ble Appellate Authority has set aside a previous order by the State GST Authority, which had demanded a penalty of INR 35.38 lakhs from a consortium including Kalpataru for alleged wrong availment of input tax credit for the fiscal year 2020-21. This decision is favorable for the company, as it eliminates the financial penalty and removes any potential negative impact on its operations or financial standing.
More about Kalpataru Projects International Limited
Kalpataru Projects International Limited operates in the infrastructure sector, providing a range of services and products related to construction and engineering projects. The company is focused on delivering large-scale infrastructure projects, which include power transmission and distribution, oil and gas pipeline construction, and railways, among others.
Average Trading Volume: 18,949
Technical Sentiment Signal: Strong Buy
Current Market Cap: 215.3B INR
For an in-depth examination of KPIL stock, go to TipRanks’ Overview page.