Latest news with #CETP
Time of India
a day ago
- Time of India
Construction firm penalised for slow pace of CETP construction
Kanpur: District magistrate Jitendra Pratap Singh took cognisance of the slow construction process of the 20 MLD Common Effluent Treatment Plant (CETP) and ordered immediate realisation of a Rs 30 lakh penalty from the construction company VA Tech Wabag. The DM was reviewing the progress of the CETP with the project manager, secretary JETTA and other departmental officials on Thursday evening. The project manager informed the meeting that during the past 55 days, the construction work of the CETP had been very slow and said that a penalty of Rs 30 lakh had already been imposed earlier. All work should be completed at war level and secretary JETTA has to ensure the realisation of the penalty, Singh said. When the officials said that around 80 tanneries have not made payment on their part, an annoyed DM directed that the list of defaulters be sent to the UP Pollution Control Board headquarters . He reprimanded the company VA Tech Wabag for its negligence in sludge management. The DM further directed the JETTA secretary to prepare a detailed report of the obstacles being faced in CETP operation and send it immediately to the "Namami Gange Project Office" through a letter, to resolve the issues.
Time of India
2 days ago
- Business
- Time of India
DM directs to complete CETP work timely
Kanpur: District Magistrate Jitendra Pratap Singh issued directives to expedite the work of the 20 MLD CETP (Common Effluent Treatment Plant) on Thursday. During a meeting on Thursday the DM expressed dissatisfaction over the slow pace of the work . Tired of too many ads? go ad free now The meeting, chaired by the DM, was was attended by the officials of the concerned departments, the project manager, and the secretary of Jajmau Tannery Effluent Treatment Association (JETTA). T he project manager informed the DM that the construction agency, VA Tech Wabag, showed extremely slow progress over the past 55 days. Expressing displeasure, the DM instructed that all work be completed on a war footing. The project engineer mentioned that a fine of Rs 30 lakh was previously imposed on VA Tech Wabag. The District Magistrate directed the JETTA secretary to ensure immediate recovery of the said fine. It was revealed in the meeting that around 80 tanneries have not yet made their payments on which the DM instructed that a list of the defaulting tanneries be sent to the Uttar Pradesh Pollution Control Board (UPPCB) headquarters to ensure strict action against them as per the regulations. The District Magistrate sternly reprimanded VA Tech Wabag for negligence in sludge management, emphasising that work should be carried out according to protocol and environmental standards.. tnn
Hindustan Times
13-06-2025
- Hindustan Times
Ludhiana: Waste treatment plants face hefty fines amid violations
Even as the state and central government have pumped in crores of rupees for the construction of sewage and effluent treatment infrastructure in Ludhiana, these facilities have come under serious scrutiny for repeated environmental violations. The Punjab Pollution Control Board (PPCB) has slapped environmental compensation (EC) running into crores on various common effluent treatment plants (CETPs), effluent treatment plants (ETPs), and sewage treatment plants (STPs) across the city for failing to comply with environmental norms in the past few years. In several orders issued over the past few years, the PPCB has pointed to a consistent failure in plant operations, ranging from non-functioning equipment to untreated discharge being released into natural drains. While the Ludhiana Municipal Corporation (MC), in its defence, has submitted that it completed the construction of several STPs and handed them over to the Punjab Water Supply and Sewerage Board, the penalties continue to be imposed due to lapses during operational control and maintenance periods. According to officials, these violations indicate serious negligence on the part of the civic body and related departments. While crores have been spent on the construction of these plants, environmental compensation of almost equal magnitude has been levied — reflecting systemic issues in their operation and monitoring. Among the biggest violators is the CETP at Bahadur Ke. In a series of five different EC orders issued between October 2022 and January 2025, a total penalty of nearly ₹10 crore has been imposed. Similarly, the 50 MLD CETP near the Central Jail on Tajpur Road has faced six EC orders in just four months between September 2024 and January 2025, with fines totalling over ₹5 crore. The 40 MLD CETP at Focal Point was hit with a ₹2.96 crore penalty this March. Meanwhile, STPs at Balloke and Bhattian have also faced fines ranging from ₹25 lakh to ₹68 lakh each. Environmental compensation has also been imposed due to the non-installation of CETPs for dairy complexes, with the PPCB issuing a ₹3.6 crore penalty in March 2023. Environmental experts have raised concerns about the mounting penalties, warning that unless strict accountability and timely corrective measures are implemented, the city will continue to face both ecological damage and financial loss. The situation reflects a dual failure- massive investments made into the infrastructure on one hand, and a string of costly environmental penalties on the other. With EC orders continuing, the civic body is now under pressure to not only fix the operational gaps but also ensure that environmental safeguards are genuinely implemented on ground. PPCB chief RK Rattra said, 'The EC has been imposed by the PPCB during past few years and regular action is also being taken against offenders. Few of the compensations have been deposited but rest remain yet to be submitted by the departments and CETPs.' Rajya Sabha MP, Balbir Singh Seechewal said, 'The 2.25 MLD ETP, which was made few years ago on Tajpur Road at the cost of ₹9 crore but EC imposed on this plant is more than ₹3 crore which is a sheer wastage and pressure on common people as this is taxpayers' money. I request the MC officials and other departments to dispose of the cow dung at Tajpur Road dairy complex area so that the ETP can run properly and cow dung is not released into the Buddha Nullah.'
Yahoo
12-06-2025
- Business
- Yahoo
NewAmsterdam Pharma Company N.V. (NAMS) Initiated with a Buy at Stifel
NewAmsterdam Pharma Company N.V. (NASDAQ:NAMS) is one of the 13 Biotech Stocks with Huge Upside Potential. It is now under Stifel's coverage, with a buy rating and a $44 price target. A scientist in a lab coat standing in a research lab examining biopharmaceuticals. According to the firm, NewAmsterdam Pharma Company N.V. (NASDAQ:NAMS) is a distinct late-stage cardiovascular company with a short-term trajectory toward regulatory filings. Its core asset, obicetrapib, has the potential to differentiate itself in the growing lipid-lowering market, according to Stifel. The analyst points out that obicetrapib potentially differs from earlier attempts in the CETP inhibitor market due to the company's cardiovascular outcomes trial, PREVAIL. Stifel anticipates significant upside even under cautious commercial assumptions. The CETP inhibitor obicetrapib, which is being developed by NewAmsterdam Pharma Company N.V. (NASDAQ:NAMS), is intended to decrease cholesterol in the treatment of cardiovascular disease. Stifel cites the PREVAIL study and an extensive amount of supporting data to show that obicetrapib differs significantly from previous CETP failures. New Amsterdam has a legitimate route to market access due to this distinction and impending regulatory milestones. Stifel's $44 price estimate shows that they are confident in the drug's clinical uniqueness and market potential. While we acknowledge the potential of NAMS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 High-Growth EV Stocks to Invest In and 13 Best Car Stocks to Buy in 2025. Disclosure. None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
12-06-2025
- Business
- Yahoo
NewAmsterdam Pharma Company N.V. (NAMS) Initiated with a Buy at Stifel
NewAmsterdam Pharma Company N.V. (NASDAQ:NAMS) is one of the 13 Biotech Stocks with Huge Upside Potential. It is now under Stifel's coverage, with a buy rating and a $44 price target. A scientist in a lab coat standing in a research lab examining biopharmaceuticals. According to the firm, NewAmsterdam Pharma Company N.V. (NASDAQ:NAMS) is a distinct late-stage cardiovascular company with a short-term trajectory toward regulatory filings. Its core asset, obicetrapib, has the potential to differentiate itself in the growing lipid-lowering market, according to Stifel. The analyst points out that obicetrapib potentially differs from earlier attempts in the CETP inhibitor market due to the company's cardiovascular outcomes trial, PREVAIL. Stifel anticipates significant upside even under cautious commercial assumptions. The CETP inhibitor obicetrapib, which is being developed by NewAmsterdam Pharma Company N.V. (NASDAQ:NAMS), is intended to decrease cholesterol in the treatment of cardiovascular disease. Stifel cites the PREVAIL study and an extensive amount of supporting data to show that obicetrapib differs significantly from previous CETP failures. New Amsterdam has a legitimate route to market access due to this distinction and impending regulatory milestones. Stifel's $44 price estimate shows that they are confident in the drug's clinical uniqueness and market potential. While we acknowledge the potential of NAMS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 High-Growth EV Stocks to Invest In and 13 Best Car Stocks to Buy in 2025. Disclosure. None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
