Hikal Ltd shuts down manufacturing unit at MIDC Taloja

The manufacturing operations at Hikal Ltd's manufacturing unit at MIDC Taloja have been shut. The company is undertaking scheduled maintenance activities at the plant to minimise the impact of the plant being temporarily closed.

The Taloja unit had contributed approx. Rs. 260 crores amounting to around 15% of the turnover of the Company for the financial year 2020-21.

The Company is taking appropriate legal measures as advised by counsels before the Pollution Board as well as Courts to remedy the situation and seek relief against the Closure directions.

Hikal being a Responsible Care Certified company stands by its commitment to long-term sustainability and an ethical way of doing business.

Shares of Hikal Limited was last trading in BSE at Rs. 396.95 as compared to the previous close of Rs. 382.05. The total number of shares traded during the day was 22483 in over 1738 trades.

The stock hit an intraday high of Rs. 399.55 and intraday low of 379.00. The net turnover during the day was Rs. 8859004.00.

Source : Equity Bulls

Keywords

Hikal INE475B01022 Shutdown ManufacturingPlant MIDCTaloja