Whalesbook
Ek Admi Ki Hunger Strike Aur Nayi Musibat!
Gujarat mein ek local resident, Devram Vala Ghoda ne Tata Chemicals ke Mithapur plant ke khilaaf pollution allegations ko lekar indefinite hunger strike shuru kar di hai. Bhai, baat yahin nahi ruki, usne May 9, 2026 ko Gujarat Pollution Control Board (GPCB) ko ek statutory notice bhi de diya. Resident ka kehna hai ki saalon se complaints karne ke baad bhi kuch khas fark nahi pada hai, aur area ke logo ki hawa, paani, aur khaane ki quality kharab ho rahi hai, jiski wajah se serious bimariyan phail rahi hain. Devpara village mein public health crisis chal rahi hai, aisa unka kehna hai.
Ye sab tab ho raha hai jab Tata Chemicals ka stock (TATACHEM.NS) pichle kuch dino se thoda down chal raha hai. May 8, 2026 ko lagbhag 2.96% girne ke baad, May 2026 ke mid tak stock ₹761.25 ke aas paas trade ho raha tha. Company ki market cap bhi ₹19,200 crore ke kareeb hai.
Purane Complaints Aur Regulatory Actions
Devpara area mein pollution ki complaints toh June 2012 se chal rahi hain. Ghoda ne jo notice diya hai, usme pichle ek dashak ki complaints ka zikr hai, jo Prant Adhikari, Dwarka aur GPCB ko ki gayi thin. GPCB ne October 2025 se kuch actions liye hain, lekin notice mein unki effectiveness par sawaal uthaya gaya hai.
Waise, National Green Tribunal (NGT) ne March 2024 mein aisi hi complaints ko dismiss kar diya tha, kyunki GPCB reports ke hisaab se woh unsubstantiated paayi gayi thi. Tata Chemicals ka kehna hai ki woh environmental compliance follow karte hain, unka ISO 14001 certified Environmental Management System hai aur woh GPCB ke rules mante hain. Unki US subsidiary ko November 2025 mein $20,400 ka fine laga tha operational failures ke liye, lekin company ne bataya ki iska parent company par koi bada financial impact nahi pada hai.
Chemical Industry Mein Badhta ESG Ka Importance
Ye sab tab ho raha hai jab Indian chemical industry mein ESG (Environmental, Social, Governance) performance bahut important ho gayi hai. Bade players jaise UPL ne acchi sustainability ratings paayi hain, aur Reliance Industries bhi apne environmental management par focus kar rahi hai. Himadri Speciality Chemical ka ESG score toh 'Exceptional 82' ho gaya hai. Investors aur regulators dono hi ESG metrics ko dekh rahe hain.
Reputation Aur Financial Risks
Bhale hi Tata Chemicals compliance ka dawa karti ho aur NGT ne pehle complaints dismiss ki hon, ye nayi hunger strike aur allegations company ki image ke liye risk hai. Agar local log sustained protest karte hain toh institutional investors ke liye ESG concerns badh sakte hain, jisse investment par asar pad sakta hai.
Financials ki baat karein toh P/E ratio 60.5 ke aas paas tha, lekin EPS negative (-74.42 tak) tha May 14, 2026 ko. Credit ratings toh stable hain (AA+ aur 'BB+'), par agar environmental issues badhte hain toh regulatory scrutiny badh sakti hai aur cost bhi badh sakti hai. Pichhle issues jaise Mithapur plant ka 10 mahine tak bina consent to operate chalna (2007-2008 mein) bhi long-term narrative ka hissa hai.
Analyst sentiment bhi mixed hai, kuch ne ratings ko 'Buy' se 'Hold/Accumulate' kar diya hai. Company ka goal hai 2030 tak carbon footprint 30% kam karna aur green chemistry mein invest karna. Par, jab tak ye local dispute solve nahi hota aur company ka historical record dekha jaata hai, stakeholders aur regulators ki nazar is par bani rahegi.