Announced Mon, 29 Jun · 19:16 IST
MPCB orders closure of IVP's Tarapur manufacturing unit
Regulatory & Legal View source PDF
IVP · price
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₹160.85
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AI summary
Maharashtra Pollution Control Board has directed immediate closure of IVP Ltd's manufacturing unit at Tarapur, Boisar in Palghar district, citing alleged violations of the Water Act 1974 and Air Act 1981. The company says it is taking immediate and appropriate measures to address the regulatory concerns. Financial and operational impact is not ascertainable at this point.
Likely market impact
Closure of the Tarapur unit could disrupt production and revenue until the company resolves pollution compliance issues with MPCB.