Hitachi Energy India Limited has informed the Exchange about Action(s) taken or orders passed
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Hitachi Energy India has received an order dated December 29, 2025, from the Deputy Commissioner of Commercial Taxes (Large Taxpayers Unit)-III, Bengaluru, based on a GST audit for FY 2021-22. The order alleges non-payment of GST on E-way bill transactions, wrong payment of GST on supplies to a solar project, and non-payment of GST on import of services. The total demand is Rs. 75.49 lakh in tax, Rs. 58.11 lakh in interest, and Rs. 7.66 lakh in penalty, totalling roughly Rs. 1.41 crore. The company has stated that it considers the demand arbitrary and unsustainable in law, and will file an appeal with the Appellate Authority within the permitted timeline.
The financial impact is relatively small (around Rs. 1.41 crore in total demand) compared to the size of the company, and the company is contesting it. Near-term impact on the stock is likely limited, but the appeal outcome remains a pending watchpoint.