Torrent Power Limited — Others, 05-02-2025: Action(s) taken or orders passed

Torrent Power Limited has received a penalty order amounting to ₹9.60 crore from the Additional Commissioner of CGST, Ahmedabad South, related to the applicability of GST on road reinstatement charges paid to the Ahmedabad Municipal Corporation. The company plans to contest this order, asserting that the transaction should not be subject to GST. Importantly, the firm anticipates that this order will not significantly affect its financial or operational activities, with any potential impact limited to the demand issued. This situation may evoke a neutral sentiment among investors, as the company appears well-prepared to challenge the ruling.