Construction company ACC has been issued a GST demand of INR 59.8 crore due to excessive input tax credit (ITC) claims. The company intends to challenge the decision, anticipating minimal financial repercussions.

Nirmal Bang predicts a robust demand in the cement sector but warns of tight margins during Q4 results. Consequently, they have reduced their target prices for ACC and Ambuja Cements to Rs 1,622 and Rs 558 respectively, owing to ongoing cost and operational difficulties.