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Rail Vikas Nigam Ltd. ( (IN:RVNL) ) just unveiled an update.
Rail Vikas Nigam Ltd. has disclosed that it received a demand notice in the form of DRC-07 from the Senior Joint Commissioner, Large Taxpayer Unit, Corporate Division, Kolkata, raising a total tax demand of Rs 16.30 crore for the financial year 2021-22. The company has stated that the order will not have any material impact on its financial position, operations or other activities, and indicated that the demand is being contested, with necessary appeals already filed or in the process of being filed before the appropriate appellate authorities.
More about Rail Vikas Nigam Ltd.
Rail Vikas Nigam Ltd. (RVNL) is a government-owned entity operating in India’s rail infrastructure sector, primarily engaged in project development, construction and execution of railway lines and related works across the country, supporting expansion and modernization of the national rail network.
Average Trading Volume: 334,099
Technical Sentiment Signal: Sell
Current Market Cap: 645.7B INR
For detailed information about RVNL stock, go to TipRanks’ Stock Analysis page.