New Delhi, March 26 -- The automobile company has received a draft assessment order from the Income Tax Authority for FY22, proposing certain additions and disallowances totaling Rs.2,966 crore to the income reported in its tax return.

The company has secured two advance work orders totaling Rs.10,804.6 crore from Bharat Sanchar Nigam for designing, supplying, constructing, installing, upgrading, operating, and maintaining the middle-mile network of BharatNet in the Uttarakhand Telecom Circle, as well as in the Madhya Pradesh, DNH, and DD telecom circles.

Welspun Michigan Engineers, a subsidiary of the company, in partnership with Aaradhyaa & Co., has won a Rs.328.12 crore contract from Brihanmumbai Municipal Corporation (BMC) for upgra...