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The company also pointed out that the tax calculation made by authorities is based on a 30% corporate tax rate in place of the 12.5%.

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This partnership will help increase access to 24/7 renewable energy, which is essential to meeting global sustainability targets.

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The company has secured an Letter of Acceptance (LoA) for execution of the project from Bihar Medical Services and Infrastructure Corporation, it said in a statement.

On March 24, among sectoral indices, Nifty IT was the biggest loser, down 4.2%, followed by Nifty Auto and Nifty Media, which lost 3.9% and 3.5%, respectively.

The company also stated that its wholly-owned subsidiary, EaseMyTrip MiddleEast DMCC has established two new entities in Dubai.

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The company said that the project is expected to generate a gross development value (GDV) of about ₹950 Crore.