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News Himachal Pradesh government quantifies lost taxes from Adani Cement plant closures

Himachal Pradesh government quantifies lost taxes from Adani Cement plant closures

Written by Global Cement staff 06 January 2023
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India: The state of Himachal Pradesh will lose US$11.7m-worth of anticipated tax revenues in the first month of Adani Cement’s on-going closure of its Darlaghat and Gagal cement plants. In previous months, the 1.6Mt/yr Darlaghat cement plant paid US$3.29m/month in goods and services taxes, US$1.75m/month in electricity duties, US$1.45m/month in value-added tax (VAT) on diesel, US$640,000/month in mining royalties and US$363,000/month in goods carried by road and additional goods taxes. Meanwhile, the 4.4Mt/yr Gagal cement plant paid US$1.9m/month in goods and services taxes and mining royalties, US$1.57m/month in VAT on diesel, US$1.47m/month in electricity duties and US$701,000/month in goods carried by road and additional goods taxes.

The Tribune India newspaper has reported that, despite attending several rounds of talks with the state administration, Adani Cement has yet to signal any intention to resume operations at the plants. Both facilities have been closed since 15 December 2022.

Last modified on 11 January 2023
Published in Global Cement News
Tagged under
  • India
  • Himachal Pradesh
  • Government
  • Tax
  • diesel
  • Limestone
  • Transport
  • Roads
  • costs
  • Closure
  • Shutdown
  • Adani Group
  • Adani Cement
  • ACC
  • Ambuja Cements
  • Suspension
  • GCW590
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