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Ugar Sugar shuts operations at Ugar unit after closure notice

Press Trust of India  |  New Delhi 

Works has stopped operations of the Ugar plant following a closure notice from the Pollution Control Board (KPCB), the company said today. In a filing, the small-cap firm said it has approached KPCB for "interim relief" and also simultaneously filed appeal before appellate authorities for "stay of the operation of the order". "We expect to receive the stay order in the next couple of days," Works said. Th company said the KPCB has issued a closure direction for its Ugar unit for non-compliance of the provision of the Water Act, 1974, and the Air Act, 1981, in 2015. "Accordingly, as per the direction of deputy commissioner Belgaum, we have stopped all the operations of the Ugar unit on August 4 after 7.30 pm," the company added. Ugar Works, a flagship organisation of the Shiroakar Group of companies, has two units -- Ugar and Jewargi -- in with a capacity to crush 18,000 tonnes sugarcane per day.

It manufactures white crystal sugar. The stock was up 7.86 per cent at 29.50 on the at 1400 hours today.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, August 07 2017. 14:22 IST