Tax & Penalty8 Sept 2026, 01:04 pm
Andhra Paper fined ₹21.01 Cr by APPCB for consent breach
AI Summary
Andhra Paper Ltd has been levied an Environmental Compensation of ₹21,01,80,000 by the Andhra Pradesh Pollution Control Board (APPCB) for alleged breach of consent conditions and directions. The company received the order on September 7, 2026, and is currently examining it. Andhra Paper stated that this constitutes a material event and they will take appropriate steps, including legal measures, to safeguard their interests. The company reaffirmed its commitment to environmental compliance and engagement with regulatory authorities.
Key Highlights
- APPCB imposes ₹21.01 Cr environmental compensation on Andhra Paper.
- Allegation of breach of consent conditions and directions by APPCB.
- Company is reviewing the order and planning legal recourse.
- Andhra Paper reaffirms commitment to environmental compliance.
Price Impact
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