Welspun Corp Limited - Updates

Welspun Corp Ltd has informed BSE that :<BR><BR>"The Company has received provisional Assessment Orders along with demand notices from the Assistant Commissioner of Commercial Tax, Gandhidham for the period starting from February 01, 2014 and ending on September 30, 2015 in respect of our manufacturing unit at Anjar (Gujarat) for an amount of Rs.100.46 Crores which includes tax amount of Rs.37.53 crores and interest and penalty amount of Rs.62.9 crores.<BR><BR>We have been advised that there are many favorable merits in the matter enabling us to contest these demand notices at the appropriate forums."