India Cements Receives ₹18.95 Cr Demand Notices for Environmental Violations

India Cements Ltd has received demand notices from the District Collector of Tirunelveli, Tamil Nadu, seeking recovery of ₹18.95 crore. This amount is compensation for alleged environmental clearance violations related to eight limestone mining leases. The notices cite the extraction of limestone without prior environmental clearance during a specified period, referencing a Supreme Court judgment. The company is currently reviewing the notices to determine its course of action, and the financial impact will be limited to the demanded compensation.