Orient Cement Receives ₹52 Cr Income Tax Order

Orient Cement received an income tax order under Section 143(3) r.w.s. 144C(3) for AY 2022-23 on March 31, 2026.
Income Tax Authority raised a demand of ₹52.40 crore, primarily due to a Transfer Pricing Adjustment of ₹54.33 crore on captive power transfers.
Post rectification, the company expects the tax demand to reduce significantly to approximately ₹3.20 crore; an appeal is planned.