Tata Chemicals shares hit after Haldia plant’s shut down order

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Tata Chemicals shares traded lower in the late morning trade on Wednesday after the company said that the Central Pollution Control Board (CPCB) has ordered it to shut down its Haldia plant in West Bangal.

“The company has received a notice from the CPCB directing the company under Section 5 of the Environment Protection Act, 1986 to shut down plant operations at Haldia, West Bengal, for alleged non-compliance with prescribed norms for liquid affluent discharge,” the Tata-Group company said in a BSE filing after market hours on Tuesday.

“This order was based on the analysis of sample drawn on January 9, 2017 by CPCB which alleges to have breached the prescribed norms for discharge of effluents,” it added.


However it said: “The company in its representation (to CPCB) has submitted the reports of parallel samples drawn on the same day as CPCB confirming the compliance with the prescribed norms by the State Pollution Control Board approved lab”.

“The company is awaiting the response from CPCB,” it added.

Tata Chemicals was trading 1 per cent down at the Bombay Stock Exchange (BSE), at 11.45 am.