Adani Power Limited — Important, 29-01-2025: General Updates

Adani Power Limited disclosed a tax demand order from the Additional Commissioner, GST & Central Excise Commissionerate, Rourkela, related to its former subsidiary, Raipur Energen Ltd., now amalgamated with the company. The order confirms a GST demand of ₹15.60 crore and an equal penalty for the period from July 2017 to March 2018, prior to the acquisition in August 2019. The company stated that this tax demand is not expected to have any material impact on its financial performance or operations. Adani Power is currently evaluating its right to appeal this order. This situation reflects the company's proactive engagement with regulatory matters, warranting close monitoring for any future developments.