IRFC gets ₹396.91 crore Bihar tax notice; Highway Infra wins contract
In short
IRFC got a ₹396.91 crore show-cause notice from Bihar tax authorities. Highway Infrastructure also signed a ₹220.66 crore contract agreement with UPEIDA ahead of Thursday’s trading session.
These updates may affect how traders watch both stocks, but the reporting does not say why the tax notice was issued or what the contract covers.
What the reporting says
IRFC received a ₹396.91 crore show-cause notice from Bihar tax authorities, while Highway Infrastructure entered into a ₹220.66 crore contract agreement with UPEIDA ahead of Thursday’s trading session. The publisher-supplied market note flagged these developments as stocks to track, but it did not explain the tax notice details or the contract scope. The immediate market impact is not stated in the available reporting.
Why it matters
IRFC received a ₹396.91 crore show-cause notice from Bihar tax authorities, and Highway Infrastructure entered into a ₹220.66 crore contract agreement with UPEIDA, according to a market roundup ahead of Thursday’s trading session. The note was aimed at stocks to watch, not a detailed company filing. The reasons for the notice and the contract’s exact scope were not stated in the available reporting.