Vibhor Steel Tubes Limited has informed the Exchange about Action(s) taken or orders passed
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Vibhor Steel Tubes has informed exchanges that the Telangana State Pollution Control Board (Regional Office, Hyderabad) has issued an unconditional claim letter to HDFC Bank to forfeit the company's entire bank guarantee of Rs. 2,00,000. The action relates to non-compliance with the Water (Prevention and Control of Pollution) Act, 1974 and the Air (Prevention and Control of Pollution) Act, 1981 at the company's Telangana manufacturing unit. Specific violations include acid spillage, furnace oil spillages, storing untreated effluents, not providing a hazardous waste storage shed, and keeping sludge in open bags. The company received the intimation from HDFC Bank on 3rd July 2025.
The financial impact is minimal as the forfeited bank guarantee is only Rs. 2 lakhs, and the company itself states there is no material impact on operations or finances. However, this highlights environmental compliance issues at the Telangana plant, which could attract further regulatory scrutiny if not addressed.