Deepak Fertilisers and Petrochemicals Corporation Ltd announced that its tax demand has been reduced to Rs 343.8 million from the earlier Rs 404.4 million. The revision provides financial relief to the company, easing pressure on profitability and supporting operational stability in the competitive chemicals and fertilisers sector.
Deepak Fertilisers and Petrochemicals Corporation Ltd has received a favorable revision in its tax demand, with authorities reducing the liability to Rs 343.8 million from Rs 404.4 million. The adjustment is expected to ease financial stress and improve cash flow management, allowing the company to focus on growth and operational efficiency.
Key highlights from the announcement include
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Tax demand reduced to Rs 343.8 million from Rs 404.4 million.
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Revision provides financial relief and supports profitability outlook.
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Company expects improved cash flow management following the adjustment.
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Move strengthens operational stability in the chemicals and fertilisers sector.
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Reduction reflects positive engagement with regulatory authorities.
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Industry analysts view the development as a supportive factor for long-term growth.
This reduction in tax demand marks a significant relief for Deepak Fertilisers, reinforcing its ability to manage financial obligations while continuing to expand its presence in the chemicals and fertilisers industry. The company remains focused on leveraging its strong market position to drive sustainable growth.
Sources: Economic Times, Business Standard, Mint