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Zodiac Energy Ltd. Clarifies Misreported Penalty Figures

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Zodiac Energy Ltd. Clarifies Misreported Penalty Figures

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Zodiac Energy Ltd. ( (IN:ZODIAC) ) has issued an announcement.

Zodiac Energy Ltd. has issued a clarification regarding a news article published by Fundsmap Private Limited on its platform ScoutQuest, which inaccurately reported penalties imposed by UGVCL on the company. The article incorrectly stated the penalties as Rs. 64.96 Crore and Rs. 92.22 Crore, whereas the actual amounts are Rs. 64.96 Lakhs and Rs. 92.22 Lakhs. Zodiac Energy Ltd. plans to contest the penalties and has requested the removal of the incorrect article.

More about Zodiac Energy Ltd.

Zodiac Energy Ltd. operates in the energy sector, focusing on providing sustainable energy solutions. The company is involved in the development and implementation of renewable energy projects, catering to a diverse market that seeks eco-friendly and efficient energy alternatives.

Average Trading Volume: 62,436

Technical Sentiment Signal: Buy

Current Market Cap: 6.82B INR

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

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