Adani Power Limited — Important, 01-03-2025: General Updates

Adani Power Limited disclosed that it received a demand order from the Joint Commissioner of State Tax in Nava Raipur, Chhattisgarh. The order, pertaining to the fiscal year 2020-21, involves a GST demand of ₹80.46 Crore related to the erstwhile subsidiary Raipur Energen Ltd. This order also includes an interest demand of ₹69.24 Crore and a penalty of ₹8.05 Crore. However, the company asserts that this erroneous demand will not affect its financials, operations, or other activities. The company is evaluating whether to file a rectification application and appeal against this order, indicating an ongoing commitment to resolve the matter effectively. Investors should monitor developments closely, as the outcome may impact future financial considerations.