Nitco Ltd Pays ₹14.25 Lakh Environmental Compensation

Nitco Ltd has paid an environmental compensation of ₹14,25,000 to the Pollution Control Committee, Dadra & Nagar Haveli and Daman & Diu, for alleged non-compliance with environmental standards. The company clarified that the disclosure was delayed due to an initial interpretation that such orders were not applicable. Upon review and consultation, it was decided to disclose the order. The penalty has been paid, and the company states there is no material impact on its operations or other activities, with the financial impact limited to the penalty amount.