Announced Mon, 6 Jul · 14:39 IST
Afcons gets Rs 16.48 Crore penalty order from Tahsildar Bhiwandi, to appeal
AFCONS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-0.6%1-day move
₹311.00
prior close
₹313.50
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.2+0.0+0.0+0.4-0.6-3.0-3.3-3.4-3.8-5.9-8.6———
Up moveDown movePending
AI summary
Afcons Infrastructure received a penalty order of Rs 16.48 Crores from the Tahsildar, Bhiwandi, Maharashtra. The order relates to alleged irregularities in earth excavation and removal activities in the Mouje Purna and Rahanal area for the MML5 Project. The company says there is no financial impact on operations at this stage and plans to contest the order by filing an appeal before the competent authority.
Likely market impact
Penalty of Rs 16.48 Cr received but company plans to appeal. No immediate financial impact stated, but outcome may matter if appeal fails.