Everest Organics Ltd receives revocation of closure order from TSPCB

Everest Organics Limited today has announced that Telangana State Pollution Control Board (TSPCB) has inspected its facility for pollution control issues and after careful consideration of the material facts issued Permanent Revocation of Closure Order.

Pursuant to temporary revocation of factory closure order received from TSPCB on 08.11.2018, the Board (TSPCB) after careful analysis and deliberation of the material facts of the case found that the management has taken adequate steps to comply with the provisions of TSPCB towards the environmental safety.

We are pleased to inform you that the company has invested huge amount in ETP and Zero liquid Discharge of pollutants from its facility.

Dr. Sri Kakarlapudi Srihari Raju, Managing Director, Everest Organics Limited, commenting on this event that "permanent revocation of closure order" is result of greater investment that the company has made on the pollution and environmental measures. In fact the company is on stronger footing for the sustainable growth in near future, the management is very positive of creating values for all stakeholders with enhanced trust on environment care. The company also has plan to further increase the investment on making the factory cleaner and greener and strives hard to meet all norms".

Shares of EVEREST ORGANICS LTD. was last trading in BSE at Rs.195.35 as compared to the previous close of Rs. 162.8. The total number of shares traded during the day was 21273 in over 192 trades.

The stock hit an intraday high of Rs. 195.35 and intraday low of 166.1. The net turnover during the day was Rs. 4082416.

Source : Equity Bulls

Keywords