IRCON International Ltd

🏛️ IRCON Secures Stay Order from Supreme Court on ₹78.64 Crore VAT Demand

- Stay order issued by Supreme Court of India on March 16, 2026

- Halts VAT demands related to Ganga Bridge Project

- Applies to financial years 2010-11 to 2016-17 (excluding 2011-12)

- Patna High Court previously upheld VAT demands totaling ~₹78.64 crore for FY 2013-14, 2014-15, and 2016-17

- IRCON filed appeals (Civil No. 10008-10010 of 2026) against State of Bihar

- Matter remains under litigation with no settlement or financial impact details yet