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NGT imposes interim penalty of Rs 1 crore on Grasim Industries

24 Jul 2019 Evaluate

The National Green Tribunal (NGT) has imposed an interim penalty of Rs 1 crore on Grasim Industries for storing huge stock of the mercury, obtained as a by-product, in its premises in Sonbhadra district of Uttar Pradesh (UP).

Grasim Industries is the flagship company of the Aditya Birla Group. The company’s businesses comprise viscose staple fibre, cement, chemicals and textiles. Its core businesses are VSF and cement, which contribute to over 90% of its revenues and operating profits.

Peers
Company Name CMP
Grasim Industries 3171.00
DCM Shriram 998.35
3M India 34233.10
Hindustan Foods 625.90
Balmer Lawrie & Co 168.10
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