Graphite India Ltd to get refund from Damodar Valley Corporation through adjustment of energy bills

Pursuant to the publication of Tariff Order for FY 2006 to 2009 by Hon'ble West Bengal Electricity Regulatory Commission, Damodar Valley Corporation (DVC) has prepared the bill for the period from FY 2006 to FY 2009 and have informed that the net refundable amount payable to the Company after adjustment of old dues, Delayed Payment Surcharge (DPS), Excess Payment (if any), Shortfall in SD (if any) and Carrying Cost comes to Rs.81.14 crore approx. The refund amount will be adjusted against the monthly energy bill/s in 24 installments, inclusive of applicable Carrying Cost. The first installment of the refund has been given by DVC by way of a credit in the electricity consumption bill for December 2020, which was received yesterday.

Shares of GRAPHITE INDIA LTD. was last trading in BSE at Rs.312.55 as compared to the previous close of Rs. 317.1. The total number of shares traded during the day was 146254 in over 3155 trades.

The stock hit an intraday high of Rs. 316.5 and intraday low of 306.1. The net turnover during the day was Rs. 45747816.

Source : Equity Bulls

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