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Piramal Pharma moves SC against Gujarat pollution body's plant closure order
Subscribe to enjoy similar stories. Piramal Pharma Ltd has moved the Supreme Court against a Gujarat Pollution Control Board order directing the immediate closure of its Dahej manufacturing unit over alleged environmental violations. The company is also contesting a direction allowing the encashment of a ₹15 lakh bank guarantee.
The plea is slated to be heard on 9 February before a bench led by Chief Justice of India Surya Kant, along with Justices Joymalya Bagchi and N.V. Anjaria. On 5 February, the Gujarat high court refused to grant relief to the Mumbai-based pharmaceutical company.
Piramal Pharma’s Dahej facility, located in the Gujarat Industrial Development Corporation industrial area, is one of the company’s 10 manufacturing sites in India and produces key starting materials (KSMs) for complex hospital generics such as the inhaled anaesthetic sevoflurane, forming part of a vertically integrated inhalation anaesthesia chain that is completed at its Digwal plant. The Dahej facility is a World Health Organization-Good Manufacturing Practices (WHO-GMP) compliant manufacturing plant. The company, in an exchange filing on 4 February, said the financial and operational impact of the plant closure was “not ascertainable at this point in time".
Piramal’s complex hospital generics business clocked a revenue of ₹1,948 crore in the first nine months of 2025-26, marginally up by 1% year-on-year. The Gujarat Pollution Control Board's action followed an incident involving the alleged illegal dumping of hazardous waste. The regulator said that on 30 January 2026, a tanker carrying spent hydrochloric acid left Piramal Pharma’s Dahej facility for delivery to an authorized waste treatment unit in Surendranagar district.
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21.05 / 10:17
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Subscribe to enjoy similar stories.Pain is invisible; the sufferer has to make noise for it to be acknowledged, treated or accepted. Mumbai-based artist Koshy Brahmatmaj, 34, lives with chronic endometriosis, a painful condition that afflicts millions of women around the world.
21.05 / 10:17
markets
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Even at $5 trillion, Nvidia is underappreciated
Subscribe to enjoy similar stories.Nvidia is no longer the only AI chip game in town. But it is the largest by far, and the likelihood that it will be that way for the foreseeable future should count for something.It hasn’t counted for much lately.
21.05 / 10:17
markets
Digital
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RK Swamy bets on integrated advertising model as global agency giants split media and creative
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markets
IPO
Racing
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SpaceX
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21.05 / 09:47
markets
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Secured credit cards: Unlocking credit and building a credit score for millions
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Forensic audits support corporate-fraud probes and IBC cases but still lack enforceable standards
Subscribe to enjoy similar stories.Forensic audits have gained significance in today’s world of business as they serve as a useful tool for commercial lenders to investigate fraud by borrowers and/or identify other deep-seated financial irregularities. Forensic auditors are also employed by resolution professionals to report on preferential, undervalued, fraudulent and extortionate (‘PUFE’) transactions for adjudication under India’s Insolvency and Bankruptcy Code (IBC). While there is no single universal definition, several globally recognized organizations have provided widely accepted definitions (and norms) of forensic auditing.
21.05 / 08:45
UPS
Manufacturing
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Subscribe to enjoy similar stories.MUMBAI: India’s listed electronics manufacturers are under pressure to defend profitability as the mobile-phone assembly boom slows, prompting a shift towards higher-value industrial electronics.Investors remained jittery through the last fiscal, driven by concerns that slowing consumer sentiment could weigh on the rapid growth that electronics manufacturing services (EMS) firms have delivered so far.In an interview with Mint, Jasbir Singh Gujral, managing director of Syrma SGS Technology Ltd, India’s second-largest listed EMS firm, said, “We’re increasingly looking to capture a larger chunk of contracts from defence, aerospace and med-tech verticals, all of which represent opportunities for original design manufacturing, and also bring significantly higher margins. We’ve already started this transition, and we plan to do more of it this fiscal.”Beyond mobile phones and laptops, EMS firms are expanding into smart metres for electricity boards, aerospace and defence subsystems, railway safety instrumentation, printed circuit boards and display assemblies, and medical devices deployed in hospitals.India’s annual mobile phone shipments have remained subdued since the covid-19 pandemic, with industry estimates pointing to a single-digit decline this calendar year from 152 million smartphones shipped last year.The margin pressure driving this shift is increasingly visible.In FY26, Syrma SGS reported an operating margin of 7.1%, up 2.3 percentage points.
