Following a Gujarat High Court decision, Arvind Ltd.'s unit's effluent outflow connection was unplugged
01 December 2021, Mumbai:
Following a High Court order to close all units releasing water effluent in the sewage pipes of Ahmedabad Municipal Corporation, the effluent discharge connections of roughly 141 units, including the company's Ankur facility, were removed (AMC).
Although the corporation stated that attempts are being taken to restore normalcy, it added that "given the unpredictability of the situation, it is impossible to assess the impact on production/operations at this time."
Arvind Ltd., the world's largest textile and clothing company, has filed a lawsuit in the High Court to prevent the closure, with the next hearing scheduled for December 31, 2021.
In a regulatory filing, the business started, "Ankur plant has essential licenses from relevant authorities to release treated industrial effluent." In 2020-21, the unit, which produces voiles and other fabrics for the domestic market, generated sales of Rs. 232 crore and EBITDA (profits before interest, taxes, depreciation, and amortization) of Rs. 28 crores.
In this respect, Mihir Thakore, a senior lawyer for Arvind Limited, asked the division bench to circulate the case, citing the fact that the disconnection has resulted in the layoff of 1,200 workers at the industrial plant.
Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.
DAILY NEWS:
- Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul
- Consumers will determine growth of sustainable fashion e-comm in India
- Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'
- Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22
- Nike strengthens retail presences with new store at DLF Mall of India,Noida
