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Over Rs 8 Cr unearthed in tax evasion case linked to NHPCs Subansiri project
North Lakhimpur, Sep 12: A multi-crore tax evasion case involving a company engaged in construction of a concrete gravity dam as part of an NHPC project at Gerukamukh on the Assam-Arunachal Pradesh border has been unearthed by the Assam GST department, an official said on Friday. He said over Rs 8 crore has been recovered during a raid in connection with the tax evasion of the company constructing the dam - a part of NHPC's 2,000-MW Subansiri Lower Hydro Electric Project. The amount is likely to increase "significantly" as the operation was still underway, he said. Superintendent of state tax, Monuj Kumar Dowari, said, "A significant tax evasion case involving M/s BGS SGS SOMA Joint Venture, the company engaged in the construction of the Concrete Gravity Dam at Gerukamukh under NHPC, has been uncovered." A 10-member team led by Dowari launched the operation on Tuesday to trace irregularities. "The swift action resulted in an on-the-spot recovery of Rs 8.2 crore, marking one of the department's most successful enforcement drives in recent months, and underscoring its strengthened focus on data-driven tax compliance," Dowari said.
cityfalcon.com·11d ago
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ACME Solar secures Rs 3,892 cr project funding for 400 MW FDRE project
ACME Venus Urja secured Rs 3,892 crore in long-term funding from the State Bank of India for its 400 MW Firm and Dispatchable Renewable Energy project in Rajasthan. The project, contracted with NHPC at Rs 4.64/Unit, involves solar and Battery Energy Storage System. This marks SBI's first financing in ACME's FDRE projects.
cityfalcon.com·13d ago
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Trading Radar For September 5: Biocon, Zydus, Bharat Forge, NTPC Stocks On Investors’ Watchlist
SpiceJet is expected to report its Q1 earnings today
Stocktwits·19d ago
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Bhupender Gupta takes charge as CMD of NHPC
Bhupender Gupta has taken over as the CMD of NHPC Limited, bringing extensive experience in hydropower and energy management to strengthen India's energy security and integrate new technologies.
cityfalcon.com·19d ago
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Bhupender Gupta takes charge as Chairman & Managing Director, NHPC
Faridabad: Bhupender Gupta on Thursday assumed charge as Chairman & MD of NHPC Ltd at the Corporate Office, Faridabad. He also holds additional charge as CMD of SJVN Ltd. An electrical engineer with...
cityfalcon.com·19d ago
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Sipan Kumar Garg Holds Director Finance Charge in three major PSUs
… additional charge of Director ( Finance ), NHPC Limited, India’s … Finance ) of THDC India Limited and also serves as its Chief Financial … years of extensive experience in Finance , Accounts, Taxation, and … includes serving as the Chief Financial Officer (CFO) at …
cityfalcon.com·21d ago

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