
Tax & Penalty23 Jul 2026, 02:03 pm
Nitco Ltd Pays ₹14.25 Lakh Environmental Compensation
AI Summary
Nitco Limited has received and paid an order from the Pollution Control Committee, Dadra & Nagar Haveli and Daman & Diu, for Environmental Compensation amounting to ₹14,25,000. This payment is for alleged non-compliance with environmental standards. The company stated that the financial impact is limited to the penalty imposed and there is no material impact on its operations or other activities. The order was received on April 13, 2026, and the compensation was paid within the stipulated seven days.
Key Highlights
- Nitco Ltd paid ₹14.25 Lakhs in environmental compensation.
- Compensation is for alleged non-compliance with environmental standards.
- No material impact on operations or other company activities.
- Payment made to Pollution Control Committee, Dadra & Nagar Haveli and Daman & Diu.
Price Impact
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