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Saurashtra Cement Limited ( (IN:SAURASHCEM) ) has issued an update.
Saurashtra Cement Limited has received a Show Cause Notice from the Income Tax Department for the Assessment Year 2017-18 concerning transactions related to third-party power procurement. The company has stated that it does not anticipate any significant financial impact from this notice due to a corresponding claim under section 80-IA of the Income Tax Act.
More about Saurashtra Cement Limited
Saurashtra Cement Limited operates in the cement industry, providing construction materials primarily in India. The company is part of the Mehta Group and focuses on producing and distributing cement products.
Average Trading Volume: 50,381
Technical Sentiment Signal: Strong Buy
Current Market Cap: 12.22B INR
For a thorough assessment of SAURASHCEM stock, go to TipRanks’ Stock Analysis page.