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United Spirits Gets Water Charge Arrears Notice of Rs 345.45 Cr

May 30, 2024

By: BlinkX Research Team

United Spirits on Tuesday, May 21 said it received a notice from the Water Resources Department, Irrigation Division - Nanded, Maharashtra, to pay water charge arrears of Rs 345.45 crore.

Key Takeaways From United Spirits:

• United Spirits gets an order from the Water Resources Department for its Nanded, Maharashtra unit
• The order requires the company to pay water charge arrears of Rs 345.45 crore.
• The notice demands to pay water charge arrears within seven days of receipt.
• United Spirits disputed the tariff levied and filed a writ petition before the Bombay High Court.

The notice has been issued on the stoppage of the water supply under Section 49(J) of the Maharashtra Irrigation Act, 1976.

The notice demands the company to pay water charge arrears accumulated between November 2018 to April 2024, within seven days of receipt.

United Spirits further disputed the tariff levied on its Jalsampada Vibhag, irrigation division – Nanded, Maharashtra unit and have filed a writ petition before the Bombay High Court, making the matter sub judice. 

About United Spirits Limited:

United Spirits Limited, a wholly-owned subsidiary of Diageo, is headquartered in Bangalore, Karnataka. United Spirit is an Indian alcoholic beverage company, and the world's second-largest spirits company by volume. It exports its products to over 37 countries.

Read More About United Spirits Limited Share Price Here!