REG - Tata Steel Limited - Communication from State Pollution Control Board

TATA SteelAnnouncement

28/12/2023 13:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20231228:nRSb1031Ya&default-theme=true

RNS Number : 1031Y  Tata Steel Limited  28 December 2023

 
 

 

  December 28, 2023

 

London Stock Exchange

London

 

Dear Sir, Madam,

 

Re: Communication dated December 15, 2023, received from Uttar Pradesh State
Pollution Control Board

 

This has reference to the aforementioned subject.

 

A letter dated December 15, 2023,  has been received by Tata Steel Limited
('Company') having reference number bearing No.
HO4247/C-1/Water-121/S.C.N/Revoke/2023 from Uttar Pradesh State Pollution
Control Board ("UPPCB") on December 26, 2023, imposing an environmental damage
compensation ("EDC") of ₹6,75,000/- (Rupees Six Lac Seventy Five Thousand
only) under Section 27 (2) read with section 33 (A) of The Water (Prevention
and Control of Pollution) Act 1974, in respect of the Sahibabad Plant at Plot
no, 23, site IV.

 

The EDC is imposed and as a consequence revokes the earlier show cause notice
dated

May 19, 2023, as was received by the Company on May 23, 2023.

 

The Company has paid the EDC on December 27, 2023, to the relevant
authorities, on a "without prejudice" basis.

 

The details of the EDC imposed against the Company are as below:

 

 Particulars                                                                     Details
 Name of the Authority                                                           Uttar Pradesh State Pollution Control Board
 Nature and details of the action(s) taken,                                      The Company has made the payment of EDC on "without prejudice".

 initiated or order(s) passed
 Date of receipt of direction or order,                                          The imposition of EDC has been communicated to the Company vide letter dated

                                                                               December 15, 2023, which arises out of OA No. 859 of 2022 pending before
 including any ad-interim or interim orders, or any other communication from     National Green Tribunal and other related communication(s) of UPPCB. The EDC
 the authority                                                                   as imposed consequently revokes the earlier show cause notice dated May 19,
                                                                                 2023.
 Details of the violations / contravention                                       It is case of UPPCB that Company was for a 45-day period (March 4, 2023 to

                                                                               April 17, 2023) remained non-compliant with the provisions of The Water
 committed or alleged to be committed                                            (Prevention and Control of Pollution) Act 1974 and hence imposition of EDC.
 Impact on financial, operation or other                                         There is no impact on financial, operation or other activities of the Company

 activities of the listed entity, quantifiable in monetary terms to the extent
 possible

 

Compliance is integral to our value system and Tata Steel takes its compliance
obligations with utmost seriousness. The Company always endeavours to manage
its businesses responsibly and in compliance with the statutory requirements
of the locations in which it operates, and to advance this objective, the
Company strives to constantly strengthen its compliance systems, processes,
and interventions.

 

This disclosure is made in compliance with Clause 20 - Part A of Schedule III
to Regulation 30 of Securities and Exchange Board of India (Listing
Obligations and Disclosure Requirements) Regulations, 2015.

 

This is for your information and records.

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCKZMZZZRVGFZM