IRCON International Ltd

⚖️ IRCON International Faces VAT Ruling on Ganga Bridge Project

- Patna High Court issued a judgment on February 25, 2026, regarding VAT assessments for IRCON's Ganga Bridge Project from 2010-11 to 2016-17.

- The court dismissed IRCON's petition and upheld a VAT demand of ₹108.75 crore, previously recorded as a contingent liability.

- IRCON has already deposited ₹27.39 crore, leaving a net outstanding amount of ₹81.36 crore, excluding potential interest.

- The company is reviewing the detailed order and plans to pursue further legal actions, including an appeal to a higher court.