Hitachi Energy India Faces ₹26 Crore Tax Demand Amidst Falling Share Prices

• Hitachi Energy India received a tax demand of ₹26.07 crore from the Income Tax Department for AY 2022-23.
• The demand includes ₹16.40 crore in income tax and ₹9.67 crore in interest, disallowing certain expenses.
• The company plans to appeal the 'arbitrary and unjustified' order to the Income Tax Appellate Tribunal (ITAT).
• Hitachi Energy India's shares have fallen over 16% in the last 6 months, despite a 44% rise over one year.
• The company reported strong Q2 FY26 results with net profit quintupling to ₹264 crore and revenue up 18%.

Why It Matters: Hitachi Energy India faces a significant tax demand, adding pressure to its recently falling share price.