Bannari Amman Sugars Ltd's sugar Unit-V receives demand notice from TNPDCL

Bannari Amman Sugars Ltd's Sugar Unit-V situate at Vengur Village, Thirukoilur Taluk has received a demand notice for Rs.8,69,15,567/- (Rs.3,24,45,439 as balance 50% of tariff plus Rs.5,44,69,128 as interest) from the Superintendent Engineer, Kallakurichi, Tamil Nadu Power Distribution Corporation Limited (TNPDCL) towards start-up powers provided by the TANGEDCO during the period from October, 2013 to July, 2017 based on the communication received from Chief Financial Controller/Revenue (FAC), TNPDCL, Chennai.

The company is discussing with the experts regarding calculations and for taking up appropriate steps including possibility of filing appeal to the higher authorities and/or writ petitions in this regard.

Shares of Bannari Amman Sugars Limited was last trading in BSE at Rs. 3390.00 as compared to the previous close of Rs. 3390.00. The total number of shares traded during the day was 6 in over 5 trades.

The stock hit an intraday high of Rs. 3390.00 and intraday low of 3390.00. The net turnover during the day was Rs. 20340.00.

Source : Equity Bulls

Keywords

BannariAmmanSugars INE459A01010 DemandNotice TNPDCL TANGEDCO