Announced Mon, 29 Jun · 19:17 IST
MPCB orders closure of IVP's Tarapur manufacturing unit
Regulatory & Legal View source PDF
IVP · price
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Price reaction · full curve 14 horizons · vs prior close
-1.2%1-day move
₹160.85
prior close
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base price
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AI summary
IVP Limited has received directions from Maharashtra Pollution Control Board (MPCB) to immediately close manufacturing operations at its Tarapur/Boisar unit in Palghar. The order was issued under the Water Act 1974 and Air Act 1981 for alleged violations. The company says it is taking steps to address MPCB concerns. Financial and operational impact is currently not ascertainable.
Likely market impact
Manufacturing closure at one unit may hurt operations. Exact financial impact not yet known; further updates expected.