Usha Martin Limited — Others, 25-10-2024: Action(s) taken or orders passed

Usha Martin Limited informed that the company received a penalty order of ₹5,34,74,400 from the Joint Commissioner, CGST & C.Ex., Jamshedpur for non-payment of Compensation Cess on Char Fines. The company stated that this penalty does not have a material impact on its financials or operations and is in the process of contesting the order.