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An announcement from Schneider Electric Infrastructure Limited ( (IN:SCHNEIDER) ) is now available.
Schneider Electric Infrastructure Limited has disclosed that it has received an order from the Principal Commissioner of Customs (Import), Mumbai, alleging misclassification of imported goods for the period 2020–2024 and demanding differential customs duty of ₹3.28 crore, along with an equivalent penalty and applicable interest. The company is reviewing legal options in response to the order and has indicated that there will be no material impact on its financials, operations or routine business activities beyond the liability specified in the customs demand.
More about Schneider Electric Infrastructure Limited
Schneider Electric Infrastructure Limited operates in the electrical equipment and infrastructure sector, focusing on products and solutions for power distribution and management. The company serves utilities, industries and infrastructure projects in India, providing technologies that support grid reliability and energy efficiency across the power value chain.
Average Trading Volume: 30,943
Technical Sentiment Signal: Hold
Current Market Cap: 149.1B INR
For detailed information about SCHNEIDER stock, go to TipRanks’ Stock Analysis page.