HPL Cogeneration Ltd Gains Approval Under Section 10(23G) for 2002-2005; Must Adhere to Rule 2E Requirements

M/s HPL Cogeneration Limited has been approved by the Central Government under section 10(23G) of the Income-tax Act, 1961, applicable for assessment years 2002-2003 to 2004-2005. This approval is contingent upon the company adhering to section 10(23G) and rule 2E of the Income-tax Rules, 1962. The approval may be revoked if the company ceases its infrastructure operations, fails to maintain audited accounts, or does not submit the required audit report. The approved project is a 116 MW Combined Cycle Cogeneration Power Plant located in Haldia, West Bengal.

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