ICICI Securities: Plywood Industry Update -   Review Application Of NGT Order Also Dismissed 
A laborer carries a sheet of plywood on his back down a street in Srinagar.(Photographer: Brent Lewin/Bloomberg) 

ICICI Securities: Plywood Industry Update - Review Application Of NGT Order Also Dismissed 

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Securities Report

The National Green Tribunal has also rejected the two recently submitted review forms by the Uttar Pradesh government against the NGT order on the matter of setting up of new wood-based industry in UP.

It may be recalled that the tribunal had passed a similar judgment on February 18, 2020 which was then challenged by the state by filing a review application.

The tribunal, in its current order, clarified that the main issue was the actual availability of timber in the state which was never ascertained by the state and that the state was moving forward on the basis of estimates that were not scientific.

Click on the attachment to read the full report:

ICICI Securities Plywood Industry Update December 2020.pdf

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.