GPCB revokes closure notice issued to Coromandel International Ltd's Sarigam unit

Coromandel International Limited had earlier announced about the fire accident that took place at the product godown in one of its manufacturing units at Sarigam, Gujarat, and the closure notice issued by Gujarat State Pollution Control Board (GPCB) consequent to the said incident.

The company has received letter from GPCB dated June 14, 2019 revoking its earlier closure notice. The revocation is for a period of three months, and the Company would be submitting the action taken report as required by GPCB within the stipulated 3 months period to obtain permanent revocation of the closure notice.

The Company is taking necessary steps to resume operations at its Sarigam unit shortly.

Shares of COROMANDEL INTERNATIONAL LTD. was last trading in BSE at Rs.417 as compared to the previous close of Rs. 424.9. The total number of shares traded during the day was 1304 in over 69 trades.

The stock hit an intraday high of Rs. 424.15 and intraday low of 417. The net turnover during the day was Rs. 550130.

Source : Equity Bulls

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