Torrent Power Limited — Others, 04-02-2025: Action(s) taken or orders passed

Torrent Power Limited has received a penalty order amounting to ₹23.18 crore from the Additional Commissioner of CGST, Ahmedabad South, related to GST applicability on Line Shifting Services provided to Gujarat Metro Rail Corporation. The company plans to challenge this order, asserting no immediate impact on its financial operations is expected. This situation introduces a potential risk, but any fiscal implications will depend on the final outcome of the challenge. Investors may view this as a moment to watch closely, considering the possible financial ramifications.