NGT directive gives temporary relief to Gujarat Ambuja Exports’ Uttarakhand unit

AHMEDABAD | MUMBAI | RAJKOT – In a regulatory update submitted to the Stock Exchanges in India on Wednesday, Ahmedabad headquartered Gujarat Ambuja Exports Ltd said of having understood that National Green Tribunal (NGT) has dropped the proceedings against the maize processing unit of the company, located at Sitarganj in Uttarakhand.

The company update further claimed of NGT having directed involved regulatory authorities to deposit 10 million (1 crore) rupees with Central Pollution Control Board, for their past failure and re-examine the whole matter once again, in a time-span of 1 month.

In June 2018, NGT’s (National Green Tribunal) had ordered shutdown of Sitarganj unit of the company located at Uttarakhand, following the observations made by Tribunal over alleged violation of pollution norms as observed by Central Pollution Control Board (CPBC).

Court grants stay over NGT orders slamming Uttarakhand unit shutdown of Guj Ambuja Exports


WHAT DOES THE NGT ORDER SAY, NOW?

In an update filing submitted to the Exchanges the company said of NGT vide its orders dated 13 Nov, 2018 has issued directions to the Central Pollution Control Board (CPCB) to consider whether the norms fixed by the State Pollution Control Board (SPCB) are in order or not, including any modifications if required in it within one month, from the date of receipt of copy of order.

In the filing the company further said of CPCB instructed by NGT to carry out fresh inspection of Central Effluent Treatment Plant (CETP) and the industries in question within one month, based on which the Uttarakhand State Pollution Control Board may take appropriate legal action based on the finding in the fresh inspection report.

The filing further reads that the NGT has directed the concerned authorities including CETP and State Industrial Development Corporation of Uttarakhand to the extent of 50% each to submit 10 million (1 crore) rupees with CPCB.

The company further said of understanding that with this order, proceedings against the maize processing unit of the company at Sitarganj, Uttarakhand are dropped.


Update from the company had hit the exchanges in India after the trading session had come to an end on Wednesday, though it will be interesting to see, how the development cultivates interest for investors & traders and what sort of impact does it make on the company share prices, while the trading session re-opens on the floors of Indian Bourses on Thursday.


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