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An update from UltraTech Cement Limited ( (IN:ULTRACEMCO) ) is now available.
UltraTech Cement Limited has disclosed that the Assistant Commissioner of State Goods and Services Tax in Trichy, Tamil Nadu, has issued an order dropping a substantial tax demand of Rs. 1,33,47,82,240 along with associated interest of Rs. 89,98,02,762 and penalty of Rs. 13,34,23,583 related to alleged delayed payment of tax and interest, while upholding only a minor penalty of Rs. 54,641, which the company will pay. The company stated that the order, received on 27 December 2025, does not have a material financial impact on its operations, signaling relief from a large potential liability and removing a regulatory overhang without affecting its ongoing business activities.
More about UltraTech Cement Limited
UltraTech Cement Limited, part of the Aditya Birla Group, is a leading Indian cement manufacturer with a broad domestic and international presence, supplying cement and related building materials to infrastructure and construction sectors. The company is listed on major Indian exchanges as well as overseas bourses, reflecting its scale and access to global capital markets.
Average Trading Volume: 10,586
Technical Sentiment Signal: Buy
Current Market Cap: 3472.5B INR
Learn more about ULTRACEMCO stock on TipRanks’ Stock Analysis page.