Century Enka Resumes Operations at NFY Spinning Plant Following GPCB Approval
Century Enka Limited has obtained approval from the Gujarat Pollution Control Board (GPCB) to continue operations at its NFY Spinning Plant following a fire incident earlier this year. The GPCB's decision came after an inspection confirming the company's compliance with Consolidated Consent and Authorization conditions. Century Enka had paid an interim Fire Accident Environment Compensation of Rs. 36.00 lakhs and submitted a Bank Guarantee of Rs. 2.50 lakhs. The company is required to maintain strict adherence to applicable CCA conditions for ongoing operations.

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Century Enka Limited , a prominent player in the textile industry, has received the green light from the Gujarat Pollution Control Board (GPCB) to continue operations at its NFY Spinning Plant. This development comes in the wake of a fire incident that occurred earlier this year at the company's Unit-Rajashree Polyfil in Gujarat.
Regulatory Compliance and Approval
The GPCB's decision to allow continued operations follows a thorough inspection of the facility. An authorized officer from the board visited the Unit-Rajashree Polyfil on July 29 to assess the plant's compliance with Consolidated Consent and Authorization (CCA) conditions. The inspection revealed that Century Enka was adhering to the stipulated requirements and had submitted the necessary notarized undertakings.
Fire Incident and Interim Measures
The approval process was initiated following a fire incident at the NFY Spinning Plant earlier this year. In response to the event, the GPCB had imposed an interim Fire Accident Environment Compensation of Rs. 36.00 lakhs on Century Enka. Additionally, the company was required to submit a Bank Guarantee of Rs. 2.50 lakhs as part of the regulatory process.
Phased Resumption of Operations
Century Enka had previously announced the phased resumption of operations at the NFY Spinning Plant on June 22, following initial permission from the GPCB. The latest approval confirms the company's compliance with environmental and safety regulations, allowing for continued operations at the facility.
Ongoing Compliance Requirements
While granting permission for continued operations, the GPCB has directed Century Enka to maintain strict adherence to the applicable CCA conditions. The company has affirmed its commitment to complying with these regulatory requirements, ensuring the sustainable and responsible operation of its NFY Spinning Plant.
Conclusion
The approval from the GPCB marks a positive development for Century Enka, allowing the company to move forward with its operations while maintaining compliance with environmental and safety standards. As the textile industry continues to navigate regulatory challenges, Century Enka's successful resolution of this incident demonstrates its commitment to responsible manufacturing practices.
Historical Stock Returns for Century Enka
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
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+0.85% | +0.53% | -1.72% | -15.56% | -33.97% | +178.26% |