India, May 28 -- The UK government's water watchdog, Ofwat, has hit Thames Water with its biggest penalty ever. In a landmark announcement, Ofwat accused Thames Water of breaching rules related to sewage operations and shareholder payouts.

In the official announcement, Ofwat has slapped a fine worth 122.7 million pounds on Thames Water.

"This is a clear-cut case where Thames Water has let down its customers and failed to protect the environment," said Ofwat boss David Black.

Thames Water is the UK's biggest water provider and serves about a quarter of the UK's population, mostly across London and parts of southern England. While this is the company's biggest penalty, it's not the first.

In August 2024, the water company was slapped wi...