Isgec Heavy Engineering Limited has informed the Exchange about Action(s) taken or orders passed
ISGEC · price
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Isgec Heavy Engineering's factory at Village Nara, Muzaffarnagar (Uttar Pradesh) was ordered shut by the Commission for Air Quality Management in NCR on May 26, 2025, citing alleged violations of air pollution control laws. The unit contributes about 3.5% of the company's standalone revenue, and management initially said the impact would not be material. In a positive development, the National Green Tribunal (NGT), New Delhi, via its order dated May 30, 2025 (received on June 2, 2025), has granted permission to resume operations at the unit, subject to compliance with the conditions in the Tribunal's order. The company will now submit a detailed reply to the Commission, after which a fresh order is expected.
Relief for shareholders — the NGT's intervention means the Muzaffarnagar unit (~3.5% of standalone revenue) can resume operations, limiting any financial hit. The matter is still open as the Commission will issue a fresh order after reviewing the company's response, so some near-term uncertainty remains, but the worst-case scenario of prolonged shutdown appears unlikely.