Gujarat Pollution Control Board Orders SRF To Shut Dahej Plant Over Waste Disposal
Gujarat Pollution Control Board on Friday ordered SRF Ltd. to shut down its Dahej unit for violating the industrial waste disposal norms and for installing a calcium chloride plant without seeking the regulator's permission.
The state pollution board, which inspected the chemical manufacturer's industrial unit on March 25, found two tankers containing highly-concentrated effluents for which the company had not taken requisite approvals. The company, it said, failed to explain the presence of effluents and the final point of its disposal.
SRF, according to the pollution control board, does not have the permission to send its waste to any common disposal facility.
The pollution control board also ordered the power distribution companies to stop electricity supply to the plant over the alleged non-compliance of regulations under the Water (Prevention and Control of Pollution) Act, 1974.
This comes after the company commissioned a new Rs 264-crore agrochemical facility at its Dahej plant in the December-ended quarter. It had also received the Board approval to increase its production capacity at an estimated cost of Rs 140 crore.
The chemical business being a high-margin niche business contributes to nearly 40 percent of its overall Ebitda with a majority of it coming from the Dahej plant, two analysts told BloombergQuint requesting anonymity.
BloombergQuint's emailed queries and calls to the company remained unanswered. SRF is in the process of filing a detailed response to the Board, it said in a press release.
SRF's business is divided into verticals like industrial textiles, refrigerants, chemicals, plastics and packaging. The company has four plants and gets close to 30 percent of its overall revenue from the chemical business, according to its financials for the December-ended quarter.
-
Signature Play: The Classic Cocktail Is Dead. Or Is It?
Classic cocktails are disappearing from India's cocktail menus. But they're still being ordered, taught to bartenders and borrowed from. So, who's really having the last drink?
-
A New Samvat Wishlist: Inclusive Prosperity And Human Development
India has strengthened its economic foundations through infrastructure, digital access and enterprise. Its next growth chapter must deepen productivity, create better livelihoods and widen participation in prosperity.
-
Love, Sex Aur Dhokha: The Audacious Plot To Spy On Jensen Huang
A Taipei dinner, a Singapore chip buyer and a suspected Chinese asset: inside the alleged spy operation that got close to NVIDIA's Jensen Huang.
-
Ten Things I Learnt This Samvat
Patience can be a trap. Cheap stocks can stay cheap. Leverage can wipe you out. What did Samvat 2082 teach us? Niraj Shah writes on 10 lessons from the year gone by.
-
Talking Points This Week: Tech Nerves, FII Buying, And A Faraway Banking Shock
The global markets are not shining this Diwali. The exception in the large markets is, India.
-
Midterm Rally Lasted A Day. The Hard Reality Of A Divided US May Last Two Years | Opinion
Between a contested AI boom, a debt ceiling that arrives in 2027 and a president with every incentive to act alone, the next two years may prove more volatile than the first day's rally suggests.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
