Shyam Metalics And Energy Limited has informed the Exchange about Clarification Regarding Social Media Rumours CPCB Directions and Relief Obtained in Respect of Certain Units at Rengali Plant, Sambalpur, Odisha
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The Central Pollution Control Board (CPCB) had issued closure directions for one Pellet Plant, the Ferro Alloys Plant, and the Power Plant at Shyam Metalics' Rengali facility in Odisha due to pollution-related non-compliances. The company made representations to the CPCB presenting its remedial measures. The CPCB has since granted relief from the closure directions and directed the Odisha State Pollution Control Board to take steps for resuming operations. The company has been given a 3-month window to fully address all CPCB findings and achieve complete compliance, and has already initiated remedial measures.
The relief from CPCB is a positive development, as the closure threat to three key units at the Rengali plant has been lifted for now, allowing operations to resume. However, the 3-month compliance timeline means regulatory risk remains until full compliance is demonstrated.