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An announcement from Sterling And Wilson Renewable Energy Limited ( (IN:SWSOLAR) ) is now available.
Sterling and Wilson Renewable Energy Limited announced that an order was issued by the Gujarat GST authorities for a tax shortfall amounting to approximately Rs. 84.63 Crore, plus an equal amount in penalties and interest, for the period from May 2018 to March 2020. However, the company stated that there would be no financial implications due to an indemnity agreement with Reliance New Energy Limited, Shapoorji Pallonji and Co. Pvt. Ltd., and Mr. Khurshed Daruvala. The company plans to appeal the order, indicating proactive steps to address the situation without impacting its financial standing.
More about Sterling And Wilson Renewable Energy Limited
Sterling and Wilson Renewable Energy Limited operates in the renewable energy sector, focusing on providing sustainable energy solutions. The company is involved in the development and maintenance of solar energy projects, positioning itself as a significant player in the renewable energy market.
YTD Price Performance: -40.53%
Average Trading Volume: 358,378
Current Market Cap: 61.99B INR
For a thorough assessment of SWSOLAR stock, go to TipRanks’ Stock Analysis page.