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RR Kabel Ltd. Faces GST Investigation at Coimbatore Warehouse

Story Highlights
  • RR Kabel Ltd. is a key player in the electrical industry, specializing in cables and wires.
  • A GST investigation has been initiated at RR Kabel’s Coimbatore warehouse, with no current impact on operations.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
RR Kabel Ltd. Faces GST Investigation at Coimbatore Warehouse

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RR Kabel Ltd. ( (IN:RRKABEL) ) has provided an announcement.

RR Kabel Ltd. has announced that the Joint Commissioner (ST) Intelligence, Tiruppur Division, has initiated actions under the Tamil Nadu Goods and Services Tax Act, 2017, at the company’s warehouse in Coimbatore. The company is cooperating fully with the authorities and has stated that there is no material impact on its financial or operational activities at this stage.

More about RR Kabel Ltd.

RR Kabel Ltd. operates in the electrical industry, primarily focusing on manufacturing and supplying a wide range of cables and wires. The company is known for its innovative products and solutions catering to various market segments, including residential, commercial, and industrial sectors.

YTD Price Performance: -35.72%

Average Trading Volume: 13,224

Current Market Cap: 103.5B INR

Learn more about RRKABEL stock on TipRanks’ Stock Analysis page.

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