The Office of Collector (Mining), Satna, Madhya Pradesh has imposed penalty of Rs 8.42 crore on Birla Corporation for excess production of limestone from the captive mining for the period from 2000-01 to 2006-07, without obtaining environment clearance as per EIA Notification 1994.
The Company did not take Environment Clearance due to the ambiguity in the provisions of EIA Notification 1994 which was only clarified subsequently by the principles laid down in the Common Cause judgement of Hon’ble Supreme Court dated August 02, 2017. However, the Company was having valid consent to operate the Mines from State Pollution Control Board. The Company remains committed to ensure compliance with all applicable laws. The Company is reviewing the Order and evaluating the next steps in this matter.
Birla Corporation is primarily engaged in the manufacturing of cement as its core business activity. It has significant presence in the jute goods industry as well.
| Company Name | CMP |
|---|---|
| Ultratech Cement | 11388.95 |
| Ambuja Cement | 426.20 |
| ACC | 1349.80 |
| Shree Cement | 24865.30 |
| Dalmia Bharat | 1709.75 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: