Legal10 Jun 2026, 06:11 pm
Mafatlal Industries directed to pay ₹8.63 Cr environmental compensation
AI Summary
Mafatlal Industries Ltd has received a notice from the Central Ground Water Authority (CGWA) directing the company to pay environmental compensation of ₹8.63 crore for the abstraction and use of groundwater at its Nadiad, Gujarat unit. The CGWA observed that the company filed its online application for a No Objection Certificate (NOC) after the prescribed timeline. Mafatlal Industries is examining the notice and plans to make representations and pursue legal remedies. The company does not anticipate any material impact on its financials or operations, except for a potential contingent liability.
Key Highlights
- CGWA directs Mafatlal Industries to pay ₹8.63 Cr in environmental compensation.
- Compensation is for groundwater abstraction at Nadiad, Gujarat unit.
- Company filed NOC application post-prescribed timeline.
- Mafatlal Industries is exploring legal remedies and representations.
- No material financial or operational impact anticipated, barring contingent liability.
Price Impact
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