Corporate News 03-Apr-20
J B Chemicals & Pharmaceuticals to commence operations of bulk drugs unit at Panoli, Gujarat
After SC passes judgement on orders passed by National Green Tribunal
J B Chemicals & Pharmaceuticals announced that by judgement dated 1 April 2020, the Supreme Court has set aside the Orders of NGT directing revocation of environmental clearance and closure of Company's bulk drugs Unit at Panoli, Gujarat. Thus, Company's said bulk drugs Unit, operating under the name Unique Chemicals, shall continue to function as before. However, the Supreme Court has directed for deposit of compensation of Rs. 10 crore with GPCB for use in preserving the environment.
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