SRF slips 5% as Gujarat pollution board orders shutdown of Dahej plant

The pollution board found two tankers containing highly-concentrated effluents for which the company had not taken requisite approvals.

Shares of SRF slipped over 5 per cent to Rs 2,281.25 on the BSE in early morning trade after Gujarat Pollution Control Board directed the company to close the operations of its industrial plant at Dahej in Gujarat due to alleged non—compliance with the Water (Prevention and Control of Pollution) Act, 1974.

The state pollution board, which inspected the chemical manufacturer’s industrial unit on March 25, found two tankers containing highly-concentrated effluents for which the company had not taken requisite approvals. The company, it said, failed to explain the presence of effluents and the final point of its disposal, according