ALPHA TRIBE

Ruchi Infrastructure LimitedImportant, 25-02-2025: Updates

25-02-2025 | 06:49 pm

Incidents of copper cable theft at windmills in Madhya Pradesh have resulted in a material impact on power generation for Ruchi Infrastructure. The cumulative loss in power generation over the two days of February 24 and 25 has been assessed to be less than Rs. 1.00 crore, and the disruption continues until restoration efforts are completed. The company is facing uncertainties regarding wind conditions and the insurance claim process, making it challenging to quantify the total expected impact of these theft incidents at this time. Ongoing tax litigations have not seen any updates since the last reporting period, and pending demands are being actively contested. This situation highlights operational vulnerabilities but also the company’s commitment to addressing these challenges, warranting close monitoring of future developments.

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