An announcement from Ramco Cements Limited ( (IN:RAMCOCEM) ) is now available.
Ramco Cements Limited announced a resolution in its ongoing litigation concerning the disallowance of CENVAT Credit on outward freight. The appeal, initially remanded to the Commissioner of GST and Central Excise, Tiruchirapalli, resulted in the dropping of further proceedings, resolving the issue to the extent of Rs.4.92 Crores. This resolution is likely to have a positive impact on the company’s financial standing and operational clarity, benefiting stakeholders by removing uncertainties related to this dispute.
More about Ramco Cements Limited
Ramco Cements Limited is a prominent player in the cement industry, known for manufacturing and marketing cement and cement-based products. The company primarily focuses on the Indian market, catering to the construction and infrastructure sectors.
YTD Price Performance: -11.62%
Average Trading Volume: 8,808
Current Market Cap: 201.8B INR
For a thorough assessment of RAMCOCEM stock, go to TipRanks’ Stock Analysis page.