Amara Raja Energy & Mobility Ltd: Closure Orders Revoked by APPCB
Amara Raja Energy & Mobility Ltd has received an update regarding the closure orders issued by the Andhra Pradesh Pollution Control Board (APPCB) for its manufacturing facilities in Karakambadi and Nunegundlapalle. The APPCB has officially revoked these closure orders. The company had previously intimated about these closures on April 30, 2021, and provided subsequent updates. Amara Raja states that there has been no financial loss incurred due to this disclosure and reiterates its commitment to environmental, health, and safety standards. The company expressed gratitude to the APPCB and its stakeholders.
Key Highlights
- APPCB revokes closure orders for Amara Raja's manufacturing facilities.
- No financial loss reported due to the closure order disclosure.
- Company reaffirms commitment to environmental and safety standards.
- Gratitude expressed to APPCB and stakeholders for their faith.
Price Impact
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