NHDC Limited, subsidiary of NHPC, received income tax demand of Rs. 231.78 crore (including interest of Rs. 45.31 crore) for AY 2024-25.
NHDC disputes the demand citing Rs. 184.37 crore eligible MAT Credit not considered by the assessing officer, and is filing for rectification under Section 154.
NHPC's equity stake in Ratle Hydroelectric Power Corporation Limited (RHPCL) increased from 49.72% to 51% following fresh equity contribution and share allotment.