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GNFC receives demand notice from DoT for Rs 15,019.97 crore

02 Jan 2020 Evaluate

Gujarat Narmada Valley Fertilizers & Chemicals (GNFC) has received demand notice from Office of Controller of Communication Accounts, Department of Telecommunications (DoT), Ministry of Communications, Government of India, Gujarat Telecom Circle, Ahmedabad, directing Company to deposit total outstanding amount of around Rs 15,019.97 crore before January 23, 2020, in respect of financial years from 2005-06 to 2018-19 in connection with V-SAT & ISP Licenses held by Company.

Gujarat Narmada Valley Fertilizers & Chemicals is engaged in the manufacturing and marketing of chemicals, fertilizers and information technology.

Peers
Company Name CMP
Godrej Industries 1104.15
SRF 2530.50
BASF India 3539.75
Pidilite Inds. 1511.00
Tata Chemicals 644.10
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