The effluent discharge connections of about 141 units, including that of Ankur unit of the company, were disconnected, following the High Court order to close all the units discharging water effluent in the sewage lines of Ahmedabad Municipal Corporation (AMC).
Stating that efforts are being made to resume normalcy, the company, however, said ‘given the uncertainty of the situation, it is difficult to ascertain the impact on the production/operations at this point of time’.
Arvind Ltd., the leading textile and apparel giant, has filed a petition in the High Court against such closure and the next hearing is likely to take place on 31 December 2021.
“Ankur unit has requisite approvals from relevant authorities to discharge treated industrial effluent,” the company said in a regulatory filing.
The unit manufactures voiles and other fabric primarily sold in the domestic market, had a revenue of Rs. 232 crore and EBITDA (earnings before interest, taxes, depreciation, and amortization) of Rs. 28 crore in 2020-21.
In this regard, Mihir Thakore, senior advocate on behalf of Arvind Limited, also requested the division bench to circulate the matter as the disconnection has led to the unemployment of 1,200 employees of the industrial unit.
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