Shree Cement faces Rs 40 billion tax demand

08 Jan 2024 CW Team

Shree Cement, a prominent player in the industry, is grappling with a looming income tax demand of Rs 40 billion. The tax scrutiny has raised concerns and underscores the financial challenges faced by the company.

The substantial tax demand adds a layer of complexity to Shree Cement's financial landscape. The company, known for its significant presence in the cement sector, is now navigating the implications of the income tax assessment. Such developments within key players in the industry can have broader implications for market dynamics and investor sentiment.

The income tax scrutiny on Shree Cement is indicative of the heightened regulatory environment and the government's focus on ensuring compliance. Companies across sectors are increasingly facing rigorous scrutiny, emphasising the importance of robust financial governance and adherence to tax regulations.

The financial implications of the tax demand will be closely monitored, as it not only affects the company's bottom line but also has broader implications for the cement industry. Shree Cement's response and actions in addressing this challenge will be closely watched by stakeholders, investors, and industry observers.

Infrastructure Urban

17 Sep 2025

DCPC Prepares for Special Campaign 5.0 with Focus on E-Waste

The Department of Chemicals and Petrochemicals (DCPC), Ministry of Chemicals and Fertilisers, is gearing up for Special Campaign 5.0, to be held from 2nd to 31st October 2025. The initiative will focus on e-waste disposal as per MoEFCC’s E-Waste Management Rules 2022, space optimisation, and enhancing workplace efficiency across field offices.Special Campaign 4.0, conducted between October 2023 and October 2024, delivered notable results in record management, grievance redressal, scrap disposal, and cleanliness drives.Key outcomes of Special Campaign 4.0Records management: 2,443 physical fil..

BlackRock India Leases 1.4 Lakh Sq Ft in Bengaluru

BlackRock Services India, the domestic arm of global asset manager BlackRock, has leased 1.4 lakh sq ft of office space at IndiQube Symphony in Bengaluru, according to Propstack data. The 10-year deal is valued at around Rs 4.10 billion.The lease, among the largest transactions in India’s co-working sector, highlights the growing preference of global institutions for flexible office providers. The agreement, commencing October 1, 2025, covers ground plus five floors in KNG Tower 1 at Ashoknagar, MG Road — one of Bengaluru’s prime commercial hubs.As per the lease document, BlackRock will ..

L&T Bags Rs 25–50 Bn Order for Mumbai-Ahmedabad Bullet Train Track Works

Larsen & Toubro’s (L&T) Transportation Infrastructure business has secured an order valued between Rs 25 crore and Rs 50 billion from the National High Speed Rail Corporation Limited (NHSRCL) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor.The contract, Package T1, involves the design, supply, construction, testing, and commissioning of 156 route km of high-speed ballastless track on a Design-Build Lump Sum Price basis. The stretch runs from Mumbai’s Bandra-Kurla Complex to Zaroli village in Gujarat and includes 21 km of underground track and 135 km of elevated viaduct.Se..