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Sterling and Wilson Renewable Energy Faces Tax Assessment in Kenya

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Sterling and Wilson Renewable Energy Faces Tax Assessment in Kenya

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Sterling And Wilson Renewable Energy Limited ( (IN:SWSOLAR) ) has shared an update.

Sterling and Wilson Renewable Energy Limited has received assessment orders from the Kenya Revenue Authority for a tax shortfall amounting to approximately INR 50.41 Crore, covering the period from January 2020 to December 2023. The company plans to appeal these orders, which involve issues related to transfer pricing, VAT, and PAYE demands, potentially impacting its financial obligations and operations in Kenya.

More about Sterling And Wilson Renewable Energy Limited

Sterling and Wilson Renewable Energy Limited operates in the renewable energy sector, focusing on providing solar energy solutions and services. The company is known for its expertise in engineering, procurement, and construction (EPC) services for solar power projects, with a market focus on expanding its renewable energy footprint globally.

Average Trading Volume: 278,792

Technical Sentiment Signal: Sell

Current Market Cap: 62.65B INR

See more insights into SWSOLAR stock on TipRanks’ Stock Analysis page.

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