Adani Power Limited — Important, 07-02-2025: General Updates

The Deputy Commissioner of State Tax in Madhya Pradesh has issued an order against Mahan Energen Limited (MEL), a subsidiary of Adani Power Limited (APL), confirming a tax demand under the CGST Act for the period from July 2017 to March 2018. The total demand comprises Rs. 2.09 crore for GST, Rs. 2.37 crore in interest, and Rs. 1.04 crore in penalties. Despite this notification, APL has stated that there will be no material impact on its financials or operations. The order is subject to appeal, and APL is currently assessing its options regarding this matter. Investors should note the lack of immediate financial implications while monitoring potential developments related to the appeal process.