NTPC receives GST demand orders totaling Rs 100.80 crore from seven states, including Delhi, Uttar Pradesh, Andhra Pradesh, Bihar, Chhattisgarh, Maharashtra, and Gujarat.
The company plans to file appeals against the GST demand orders before the 1st appellate authority within the specified timelines.
NTPC reassures investors that the demand orders will not significantly impact its financials, operations, or overall activities.
At the time of writing, NTPC shares were trading at Rs 314.80 which is a 0.73% dip than the previous close.
In the previous session, the company’s shares surged following a bullish outlook by Axis Securities, initiating coverage with a buy rating and a target price of Rs 345.
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