Tax & Penalty26 May 2026, 06:41 pm
Patel Engineering: ₹14 Lacs Penalty for Stone Crusher Operation
AI Summary
Patel Engineering Ltd. has been penalized ₹14 lacs by the Forest and Environment department, Namthang, South Sikkim, for operating a stone crusher plant without the required operational license. The penalty covers the years 2022-23, 2023-24, and 2025-26. Patel Engineering is executing the TEESTA STAGE-VI Hydro Electric Project and will comply with the order by paying the penalty and obtaining the necessary license. The company stated that there is no material financial impact and operations continue at the site.
Key Highlights
- Patel Engineering fined ₹14 lacs for operating a stone crusher without a license.
- The penalty was imposed by the Forest and Environment department, Sikkim.
- The fine covers operations from 2022-23 to 2025-26.
- Patel Engineering will pay the penalty and obtain the required license.
- The company states no material financial impact from the penalty.
Price Impact
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