Birla Corp slips 14% on NGT order to stop mining at Rajasthan unit

The Principal Bench of National Green Tribunal on March 8, 2019 ordered to stop all mining activities which are being carried on within the municipal limits of Chittorgarh.

Shares of Birla Corporation dropped 14 per cent to Rs 485 on the BSE in the early morning trade on Monday after the company said National Green Tribunal (NGT) has ordered to stop all mining activities which are being carried on within the municipal limits of Chittorgarh City.

“The Principal Bench of National Green Tribunal on 8th March, 2019 has ordered to stop all mining activities which are being carried on within the municipal limits of Chittorgarh City and within 10 km of Bassi Wildlife Sanctuary or within Eco-Sensitive Zone of Bassi Wildlife Sanctuary, if finally notified,” Birla Corp