Automotive Axles Ltd receives notice from KSPCB for Mysuru plant

Automotive Axles Limited ("The Company") has received a notice dated 28th February 2025 on 18th March 2025 from the Karnataka State Pollution Control Board (KSPCB) regarding mandatory retrofitting of Emission Control Devices (RECD) or shifting to gas-based generators for Diesel Generator (DG) sets of capacity 125 KVA and above at the Plant situated at Mysuru, Karnataka.

As per the said notice, the Company is required to ensure compliance with the prescribed emission control measures within the stipulated timeframe and submit an action taken report within 7 days from the date of receipt of the notice.

The Company is in the process of assessing the necessary steps to ensure compliance with the regulatory requirements and will take appropriate measures within the prescribed timeline.

Shares of Automotive Axles Limited was last trading in BSE at Rs. 1633.90 as compared to the previous close of Rs. 1617.85. The total number of shares traded during the day was 178 in over 53 trades.

The stock hit an intraday high of Rs. 1635.95 and intraday low of 1619.60. The net turnover during the day was Rs. 290311.00.

Source : Equity Bulls

Keywords

AutomotiveAxles INE449A01011 KSPCB Notice