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Hitachi Energy India Limited has announced a board meeting to discuss the recent Order-in-Original issued by the Deputy Commissioner of State Tax in Lucknow, Uttar Pradesh. The order pertains to a penalty of ₹48.37 crore related to alleged GST violations for FY 2020-21. The company views the penalty as arbitrary and intends to appeal the decision. While there are no material implications on the company’s financials or operations, this situation may prompt heightened scrutiny from investors. The overall sentiment remains cautiously optimistic, pending the outcome of the appeal.