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Kalpataru Projects International Limited ( (IN:KPIL) ) has provided an update.
Kalpataru Projects International Limited announced that the Appellate Authority has ruled in favor of the company regarding a previous order by the GST Authority. The initial order demanded a penalty of INR 42.80 lakhs for alleged wrong/excess availment of input tax credit for the fiscal year 2020-21. Following the appeal, the penalty was significantly reduced to INR 0.4 lakh, which alleviates the financial burden on the company and reflects positively on its compliance and operational standing.
More about Kalpataru Projects International Limited
Kalpataru Projects International Limited, formerly known as Kalpataru Power Transmission Limited, operates in the infrastructure sector, focusing on engineering, procurement, and construction services. The company is based in India and is involved in various projects that include power transmission, distribution, and infrastructure development.
Average Trading Volume: 18,925
Technical Sentiment Signal: Strong Buy
Current Market Cap: 213.1B INR
See more data about KPIL stock on TipRanks’ Stock Analysis page.