Nakoda Group of Industries gets notice from Maharashtra Pollution Control board

19 Sep 2022 , 01:16 PM

Nakoda Group of Industries Limited has received a Notice on September 15, 2022 from Maharashtra Pollution Control board Department Nagpur regarding water pollution and hence given directions for disconnection of electricity supply, water supply and closure direction of the factory unit of the company.

As per the filing, the factory unit of the company is still in running condition till now and the company has submitted all the necessary documents with the concern department in compliance of their rules and regulations.

Nakoda Group is also in process to file Appeal with the higher authorities i.e. with National Green Tribunal regarding stay / withdrawal of the said direction of MPCB department.

Further, the company is having sufficient finished stock to cater the existing as well as upcoming orders for next two month. The other trading and distribution businesses of the company like cotton, cotton bales and other agro commodities etc. shall not get affected due to the said direction of MPCB department.

At around 1:18 PM, Nakoda Group of Industries was trading at Rs147.80 per share higher by 2.71% on the BSE.

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