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isputesDomain305323092024-12-31OngoingTaxLitigationsOrDisputesDomain315323092024-12-31OngoingTaxLitigationsOrDisputesDomain325323092024-12-31OngoingTaxLitigationsOrDisputesDomain335323092024-12-31OngoingTaxLitigationsOrDisputesDomain34xbrli:pure532309GEPILNOTLISTEDINE878A01011GE Power India Limited2024-04-012025-03-31Quarterly2024-12-31EquitytruetruefalseThere is no acquisition of shares or voting rights by the Company in an unlisted company, aggregating to 5% or any subsequent change in holding exceeding 2% in terms of the provisions of Para A(1) of Part A of Schedule III of LODR. falseThere is no imposition of fine or penalty which are lower than the monetary thresholds specified under Para A(20) of Part A of Schedule III of LODR. truefalseTop 2000 listed entitiestrueA00164OriginaltruefalseMrsShukla Wassan02770898Non-Executive - Independent DirectorNot ApplicableShareholder Director1959-12-18falseActiveNA2021-11-292021-11-29372232MrAshok Barat00492930Non-Executive - Independent DirectorNot ApplicableShareholder Director1956-12-15falseActiveNA2024-06-012024-06-0176684MrRavinder Singh Dhillon00278074Non-Executive - Independent DirectorNot ApplicableShareholder Director1963-05-13falseActiveNA2024-06-012024-06-0171110MrMahesh Shrikrishna Palashikar02275903Non-Executive - Non Independent DirectorChairperson1967-11-23falseActiveNA2020-05-272020-05-27551010MrPuneet Bhatla09536236Executive DirectorNot ApplicableMD1967-06-16falseActiveNA2024-09-012024-09-0141010MrAashish Ghai07276636Executive DirectorNot Applicable1991-06-08falseActiveNA2024-07-222024-07-2251010CSR Committee Pursuant to the provisions of Section 135 of the Companies Act 2013 and applicable Rules of the Companies (Corporate Social Responsibility) Rules 2014 and any other applicable provisions of Companies Act 2013 read with Rules thereunder (including any statutory modifications or reenactment thereof for the time being in force) the Board of Directors in its meeting held on 06 November 2024 approved to dissolve the Corporate Social Responsibility Committee with effect from 07 November 2024 Risk Management Committee The Risk Management Committee of the Company was reconstituted with the following Directors and officials of the Company with effect from 17 October 2024 as its members viz (1) Mr. Mahesh Shrikrishna Palashikar Chairman (2) Mr. Ashok Kumar Barat Member (3) Mr. Puneet Bhatla Member (4) Mr. Aashish Ghai Member (5) Mr. Senthil Velan Member truetruetruetruetrueAudit Committee02770898Shukla WassanNon-Executive - Independent DirectorMember2021-11-29Audit Committee00492930Ashok BaratNon-Executive - Independent DirectorChairperson2024-07-25Audit Committee00278074Ravinder Singh DhillonNon-Executive - Independent DirectorMember2024-07-25Audit Committee02275903Mahesh Shrikrishna PalashikarNon-Executive - Non Independent DirectorMember2020-05-27Nomination and remuneration committee02770898Shukla WassanNon-Executive - Independent DirectorChairperson2021-11-29Nomination and remuneration committee00492930Ashok BaratNon-Executive - Independent DirectorMember2024-07-25Nomination and remuneration committee00278074Ravinder Singh DhillonNon-Executive - Independent DirectorMember2024-07-25Nomination and remuneration committee02275903Mahesh Shrikrishna PalashikarNon-Executive - Non Independent DirectorMember2020-05-27Stakeholders Relationship Committee02770898Shukla WassanNon-Executive - Independent DirectorChairperson2024-07-25Stakeholders Relationship Committee07276636Aashish GhaiExecutive DirectorMember2024-07-25Stakeholders Relationship Committee09536236Puneet BhatlaExecutive DirectorMember2024-09-01Risk Management Committee02275903Mahesh Shrikrishna PalashikarNon-Executive - Non Independent DirectorChairperson2020-05-27Risk Management Committee00000000Senthil VelanEngineering ManagerMember2021-10-13Engineering Manager - Functional ManagementRisk Management Committee00000000Anshul TripathiSenior Engineering ManagerMember2021-10-132024-10-17Senior Engineering Manager - Systems Engineering ManagementRisk Management Committee00492930Ashok BaratNon-Executive - Independent DirectorMember2024-07-25Risk Management Committee07276636Aashish GhaiExecutive DirectorMember2024-07-25Risk Management Committee09536236Puneet BhatlaExecutive DirectorMember2024-09-01Corporate Social Responsibility Committee00278074Ravinder Singh DhillonNon-Executive - Independent DirectorChairperson2024-07-25Corporate Social Responsibility Committee02275903Mahesh Shrikrishna PalashikarNon-Executive - Non Independent DirectorMember2020-05-27Corporate Social Responsibility Committee09536236Puneet BhatlaExecutive DirectorMember2024-09-012024-08-21true6522024-10-1655true6632024-11-0620true663Audit Committee2024-08-21true4320Audit Committee2024-10-0342true4430Audit Committee2024-11-0633true4430Audit Committee2024-12-1033true4430Stakeholders Relationship Committee2024-10-16true3310Corporate Social Responsibility Committee2024-10-16true3310Risk Management Committee2024-10-16true4411truetruetruetrueYestruetruetrueKamna TiwariCompany Secretary and Compliance OfficerfalseKamna TiwariCompany Secretary and Compliance OfficerNoida2025-01-2200000Assistant Commissioner of Income Tax, Range 14(1)(2), Mumbai2023-08-23Incorrect adjustment of refund in final order issued for giving effect to Second level Appellate Authority's ('Tribunal') ruling for FY 2010-11. Rectification application filed Tax -14,20,82,193 Interest - As applicablePending before Assessing officer Principal Commissioner of Income Tax -12017-02-27Appeal filed for FY 2011-12 by Tax Authorities against order passed by Tribunal in favor of the Company on account of Transfer Pricing adjustment in respect of technical and trademark royalty during regular assessment proceedings Tax Amount - 14,18,48,969 Interest - As applicablePending before High Court. Hearing awaitedPrincipal Commissioner of Income Tax -12017-10-17Appeal filed for FY 2012-13 by Tax Authorities against order passed by Tribunal in favor of the Company on account of Transfer Pricing adjustment in respect of technical and trademark royalty during regular assessment proceedings Tax Amount - 19,23,87,051 Interest - As applicablePending before High Court. Hearing awaitedAssisstant Commissioner of Income Tax, Circle 1(1)(1), Mumbai2017-10-17Appeal filed for FY 2012-13 to claim refund of short grant of TDS and short grant of interest on refund computationFirst level Appeal - Commissioner Income Tax (Appeals). Hearing awaitedAssisstant Commissioner of Income Tax, Circle 1(1)(2), Mumbai2018-10-26Appeal filed for FY 2013-14 for additions to income made on account of difference in approach followed by the Company vis-a-vis that adopted by Assessing Officer for calculation of arms length price of certain international transactions during regular assessment proceedings. Tax - 30,17,20,563 Interest - As applicablePending before Second level Appellate Authority - Tribunal. Hearing awaited.Deputy Commissioner of Income Tax, Circle 1(1)(2), Mumbai2019-10-07Appeal filed for FY 2014-15 for additions to income made on account of difference in approach followed by the Company vis-a-vis that adopted by Assessing Officer for calculation of arms length price of certain international transactions during regular assessment proceedings. Tax - 14,16,73,019 Interest - As applicablePending before Second level Appellate Authority - Tribunal. Hearing awaited.Assisstant Commissioner of Income Tax, Circle 1(1)(1), Mumbai2021-04-19Appeal filed for FY 2015-16 for additions to income made on account of difference in approach followed by Company vis- a-vis that adopted by Assessing Officer for calculation of arms length price of certain international transactions during regular assessment proceedings. Tax - 30,54,96,860 (no tax payable as additions to income has been adjusted against loss declared in tax return) Pending before Second level Appellate Authority - Tribunal. Hearing awaited.Assessment Unit, Income tax department2023-09-30Appeal filed for FY 2019-20 to claim short grant of TDS and non grant of Dividend Distribution Tax (‘DDT’) credit Tax - 8,35,14,255 Interest - As applicableFirst level Appeal - Commissioner Income Tax (Appeals). Hearing awaitedNational Faceless Assessment Centre, C/o Assistant Commissioner of Income Tax, Range 14(1)(2), Mumbai2024-10-04Appeal and Rectification filed for FY 2020-21 for additions to income made on account of rejection of comparables used by Company for determining arms length price of certain international transactions and alleged mismatches in tax return vis-a-vis tax audit report during regular assessment proceedings. Tax - 95,83,17,428 Interest - As applicableAppeal pending before Second level Appellate Authority -Tribunal. Rectification pending with Assessing Authority Hearing awaited.Centrailsed Processing Centre, Bangalore2024-01-12Appeal filed for FY 2022-23 to claim short grant of TDS credit and non grant of Foreign tax credit (FTC) in intimation issued for processing tax return filed. First level Appeal - Commissioner Income Tax (Appeals). Hearing awaitedCommissioner of Central Goods & Services Tax, Bolpur Commissionerate, West Bengal2018-11-20Authorities have alleged that the Company had supplied goods without taking into account cost of transportation in the Excise assessable value, resulting in short payment of duty for FY2001-04. The Company believes that it has a good case in the matter and hence, filed an appeal. Tax Amount INR 4,89,66,058/- Interest: As applicable Penalty Amount INR 4,89,66,058/-Appeal filed with Tribunal (Second Appellate Authority). Hearing awaitedDeputy Commissioner of Sales Tax, Mumbai Maharashtra2005-04-27Demand raised for FY1993-97 for denial of exemption of in-transit sales in a works contract. The Company believes that it has good chances of success in the case. Tax Amount INR 2,38,35,457/- Interest Amount: As applicableRectification application filed with Tribunal (Second Appellate Authority). Hearing awaitedAssistant Commissioner (CT), Punajgutta Division, Hyderabad, Telangana2009-05-13Demand on account of denial of sub-contractor deduction, TDS Credit under works contract for period FY2005-08. The matter is currently at re-assessment stage. Tax Amount: INR 9,00,55,684/- Interest Amount: As applicableAssessing authority. Matter at reassessment stageAdditional Tax commissioner, Commercial Tax Department, Noida, Uttar Pradesh2015-04-16Demand due to wrong inclusion of Gujarat's state turnover in the state of Uttar Pradesh for FY2011-12. Tax Amount: INR 1,05,80,447/- Interest Amount: As applicableAssessing authority. Matter remanded for reassessmentThe Additional Commissioner of Sales Tax, Commercial Tax & GST, Bhubaneshwar Circle, Odisha2018-05-01Demand raised in Re-assessment for FY2011-15 on account of exemptions, exclusions claimed under works contracts Tax Amount INR 22,55,76,734/- Interest Amount: As applicable Penalty Amount: INR 31,30,00,000Writ filed with High Court. Hearing awaitedOffice of Deputy Commissioner, Commercial Tax & GST, Bhubaneshwar Circle, Odisha2029-10-04Demand from April 2015 to September 2017 due to non-submission of statutory forms, other documentation issues relating to in-transit sales Tax Amount: INR 11,70,10,803 Interest: As applicable Penalty Amount: INR 13,65,51, 826 The Company has filed an appeal in the matterAppeal pending with Tribunal (Second Appellate Authority). Hearing awaitedOffice of Deputy Commissioner, Commercial Tax & GST, Bhubaneshwar Circle, Odisha2019-09-26Demand from October 2015 to June 2017 due to non-submission of statutory forms, other documentation issues relating to in-transit sales Tax Amount INR 39,63,88,693/- Interest As applicable Penalty Amount INR 21,44,71,124/- The Company has filed an appeal in the matterAppeal pending with Tribunal (Second Appellate Authority). Hearing awaitedOffice of Deputy Commissioner, Sales Tax, Bhubaneshwar Circle2017-06-21Litigation for FY2011-15 due to non submission of statutory forms Tax Amount INR 3,07,14,190/- Interest As applicable Matter remanded to Assessing Authority for review of Forms in hand by Tribunal. Hearing awaitedAssistant Commissioner of Central Tax Jurisdiction: Begumpet 2, Telangana2024-05-05-Demand is due to Difference of turnover between GSTR-07 (return filed by TDS Deductor) and outward supplies declared in GSTR-01 filed by the Company for FY18-19. - The Company believes it has good chances of defending this claim. Hence, The Company has filed appeal in respect of same in July'24. Tax Amount INR 8,183,902/- Interest As applicable Penalty Amount INR 818,390/- First Appeal stage. Hearing awaitedCommercial Tax Offcer and ADYAR South-III CHENNAI, Tamil Nadu2023-12-31Department has raised demand on various issues including revenue reconciliation with GST turnover as well as vendor mismatches for FY2017-18. The Company believes that it has good chances of success in the matter. The Company filed Appeal filed in March'24 against the order. Tax Amount: INR 40,62,885/- Interest: As applicable Penalty Amount: INR 40,62,885/- First Appeal stage. Hearing awaitedJoint Commissioner Central Goods & service Tax, Noida, Uttar Pradesh2025-02-04Irregular credit claimed in TRAN-1 (Transitional Credit Statement under GST) during FY2017-18 Tax Amount INR 29,12,290/- Penalty Amount INR 146,59,422/The Company is in the process of evaluating way-forward in respect of above. Will file appeal with First Appellate levelJoint Commissioner, Bolpur Commissionerate, West Bengal2024-05-21Disallowance of input tax credit on account of credit mismatches for FY2018-19 and FY2019-20 . Tax Amount INR 15,72,88,202/- Interest: As applicable Penalty Amount INR 1,57,28,819/- The Company has filed the Writ (High Court) against the same. Hearing awaitedDirectorate General of Foreign Trade2013-06-26Duty dawback rejected due to Government clarification that benefits not available on supplies to Non-Mega Project. Rejection challenged. Fvaourable outcome from Gujarat High Court. However, Authorities challenged it at Supreme Court level Refund: INR 1,83,63,498/-Pending with Supreme Court. Hearing awaitedCommissioner of Central Goods & Services Tax, Vadodara - 1 , Gujarat2016-01-29Department has raised demand due to non-reversal of input credit on account of trading sales by treating them as exempt for the period 2011 to May-2015. The Company has filed an appeal in this matter Tax Amount : 4,12,15,114/- Interest : as applicable Penalty : 4,12,15,114/-Appeal pending with Tribunal (Second Appellate Authority). Hearing awaitedCommissioner of Central Goods & Services Tax, Vadodara - 1 , Gujarat2016-06-30Department has raised demand due to non-reversal of input credit on account of trading sales by treating them as exempt for the period Jun-2015 to Mar-2016. The Company has filed an appeal in this matter. Tax Amount : 81,38,768/- Interest : as applicable Penalty : 81,38,768/-Appeal pending with Tribunal (Second Appellate Authority). Hearing awaitedCommissioner of Central Goods & Services Tax, Vadodara - 1 , Gujarat2018-04-23Department has raised demand due to non-reversal of input credit on account of trading sales by treating them as exempt for the period Apr-2016 to Mar-2017. The Company has filed an appeal in this matter.Tax Amount : 35,24,890/- Interest : as applicable Penalty : 35,24,890/-Appeal pending with Tribunal (Second Appellate Authority). Hearing awaitedCommercial Tax Department Office Of The Assistant Commissioner RundraPur , Uttarakhand2016-05-10Demand for FY 2014-15 due to non-submission of statutory forms, other documentation issues relating to in-transit sales Tax Amount: INR 5,47,40,341/- Interest: As applicable The Company has filed an appeal in the matterFirst Appeal stage. Hearing awaitedCommercial Tax Offcer , Vadodara , Gujarat2022-03-26Department has raised demand toward input GST credit Vs vendor reporting mismatches for FY2018-19. The Company believes that it has good chances of success in the matter. The Company has filed an appeal filed in Jun'22 against the order. Tax Amount: INR 1,54,42,672/- Interest: As applicable Penalty Amount: INR 15,44,267/- First Appeal stage. Hearing awaitedCommercial Tax Offcer , Vadodara , Gujarat2022-03-26Department has raised demand toward input GST credit Vs vendor reporting mismatches for FY2019-20. The Company believes that it has good chances of success in the matter. The Company has filed an appeal filed in Jun'22 against the order. Tax Amount: INR 2,80,20,222/- Interest: As applicable Penalty Amount: INR 28,02,022/- First Appeal stage. Hearing awaitedAssisstant Commissioner of Income Tax, Circle 1(1)(1), Mumbai2023-07-24Appeal filed for FY 2016-17 for additions to income made on account of difference in approach followed by Company vis-a-vis that adopted by Assessing Officer for calculation of arms length price of certain international transactions and disallowance of penalty expense during regular assessment proceedings. Tax - 19,07,49,723 Interest - As applicablePending before Second level Appellate Authority -Tribunal. Hearing awaited.Deputy Commissioner of Income Tax, Circle 1(1)(1), Mumbai2022-06-29Appeal filed for FY 2017-18 for additions to income made on account of difference in approach followed by Company vis- a-vis that adopted by Assessing Officer for calculation of arms length price of certain international transactions during regular assessment proceedings. Rectification application also filed on account of demand for non grant of Dividend Distribution Tax (‘DDT’) credit Tax - 7,64,99,206 Interest - As applicableAppeal pending before Second level Appellate Authority -Tribunal. Rectification pending with Assessing Authority Hearing awaited.Haryana Power Generation Corporation Limited (HPGCL) Pending Before: Hon’ble Supreme Court of India2001-05-19HPGCL entered into a contract with GEPIL and GE Germany for refurbishment of Panipat Thermal Power Station. During execution of works, HPGCL refused to pay milestones payments which led to termination of contract. Parties initiated arbitration and an award was passed in favour of GEPIL and GE Germany on 01.05.2010. HPGCL challenged the arbitral award before the District Court and High Court wherein the award was upheld. Finally, an appeal has been filed by HPGCL before the Hon’ble Supreme Court of India on 03.05.2016 which is pending execution. Through an interim order, Court directed HPGCL to remit a sum of INR 100 crores to GE Parties as a condition to hear the appeal. Quantum of claim, if any: GEPIL share: INR 44,36,99,343 along with interest @9% till date of realization. Expected financial implications, if any, due to compensation, penalty etc.: If in favour then financial implication for GEPIL: estimated recovery of INR 50,29,90,299. If against then financial implication for GEPIL: reimbursement of INR 100 crores to HPGCL. [AY1]Matter is pending at the stage of final arguments.Mecwel Constructions Private Limited (MCPL) Pending before Sole Arbitrator2024-01-08GEPIL engaged MCPL for mechanical erection works at Sipat Project Site. On account of various defaults and delays on the part of MCPL, contract was terminated by GEPIL and bank guarantees of MCPL were invoked. MCPL has initiated arbitration proceedings against GEPIL challenging termination and has raised certain monetary claims vide SOC filed on 18.12.2024. Quantum of claim, if any: MCPL’s claims against GEPIL: INR 35,89,90,700 GEPIL’s counter claims against MCPL: under assessment. Expected financial implications, if any, due to compensation, penalty etc.: Financial implications under assessment. Matter is pending for Arbitrator’s order for further directions.Nipani Infra and Industries Private Limited (NIIPL) Pending before Hon’ble High Court of Delhi2017-11-16GEPIL was awarded a contract by Madhya Pradesh Power Generation Corporation Limited (MPPGCL) for renovation and modernization of Amarkantak Thermal Power Station. In connection with the same, GEPIL entered into a consultancy agreement with NIIPL. NIIPL initiated arbitration alleging non-payment of dues by GEPIL. An award was passed in favour of NIIPL which was challenged by GEPIL before the Hon’ble High Court of Delhi on 12.05.2021. Quantum of claim, if any: INR 88,78,758 along with interest @ 6% from date of invoice till the date of award and @ 9% from date of award till date of realization. Note: Cumulative amount will surpass the threshold of INR 1.15 crore. Expected financial implications, if any, due to compensation, penalty etc.: 100% of the quantum of claims awarded in favour of NIIPL.Matter is pending at the stage of final arguments.