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Gandhi Special Tubes receives GPCB notice to stop production at its plant

26 Dec 2013 Evaluate

Gandhi Special Tubes has received direction from Gujarat Pollution Control Board (GPCB) to stop the production within 48 hours of receipt of the notice (as the company’s plant was in continuous process) on account of minor water pollution problem. The company is taking immediate steps to rectify the water pollution problem at the earliest.

However, even before receiving the notice the company had already planned necessary steps for maintenance of its plant and machinery from December 26, 2013. Therefore the company will not suffer on account of the stoppage in production. The company has already executed the required orders.

Further on account of slowdown in the Automobile Industry, the schedule of book order will not be affected.

Peers
Company Name CMP
JSW Steel 1280.00
Tata Steel 187.70
Steel Authority 184.80
Jindal Stainless 747.90
APL Apollo Tubes 2206.00
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