Nitco Limited Pays Environmental Compensation After Violation of Standards
Nitco Limited has successfully settled a fine imposed by the Pollution Control Committee, Dadra & Nagar Haveli and Daman & Diu regarding alleged non-compliance with environmental standards. The company paid an Environmental Compensation totaling ₹ 14,25,000/- for the violation.The order required Nitco Limited to pay the compensation amount following a review by the Pollution Control Committee. This financial obligation was fulfilled by the company on April 28, 2026.
The committee directed the payment of the Environmental Compensation after the alleged non-compliance with environmental standards. The details concerning the directive and compliance actions are summarized below:
| Particulars | Details |
|---|---|
| Name of Authority | Pollution Control Committee, Dadra & Nagar Haveli and Daman & Diu |
| Date of Order Receipt | April 13, 2026 |
| Violation Committed | Non-compliance of Environmental standards |
| Compensation Amount | ₹ 14,25,000/- |
The financial impact of this action is limited to the penalty imposed, as there is no material effect on the operations or other activities of Nitco Limited. The company confirmed that it had duly paid the entirety of the environmental compensation amount.
NITCO Stock Price Movement
Today, Nitco Limited shares edged higher to close at ₹107.59 after gaining 3.73% in post-market trading. The stock saw active movement during the session, registering a total traded volume of 350,909 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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