Welspun Corp has received provisional Assessment Orders along with demand notices from the Assistant Commissioner of Commercial Tax, Gandhidham for the period starting from February 01, 2014 and ending on September 30, 2015 in respect of its manufacturing unit at Anjar (Gujarat) for an amount of Rs 100.46 crore which includes tax amount of Rs 37.53 crore and interest and penalty amount of Rs 62.9 crore.
Welspun Corp is currently in four businesses viz Line Pipes, Energy, Infrastructure & Steel and enjoys a global leadership position in the first two businesses. It may be recalled that Welspun Corp is already in advanced stages of demerging the parts of its business other than Line Pipes into Welspun Enterprises through a court process.
| Company Name | CMP |
|---|---|
| Tata Steel | 212.05 |
| JSW Steel | 1239.90 |
| SAIL | 173.50 |
| Jindal Stainless | 787.90 |
| APL Apollo Tubes | 2105.45 |
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