Elantas Beck India Ltd had earlier announced about receipt of an Order dated 14.02.2018 from Hon'ble District Collector, Bharuch rejecting applications for renewal of its two licenses required for two of its raw materials viz. MTO & Solvent Naphtha, on certain grounds.
Before initiating legal proceedings to have this order set aside, the Company decided to make a proper detailed representation to the Hon'ble District Collector, Bharuch. The Collector, after hearing the representation felt that fresh licenses can be considered for the future period.
Accordingly, now the Company has received two fresh Licenses from the District Collector, on 19.03.2018.
Shares of ELANTAS BECK INDIA LTD. was last trading in BSE at Rs.2047.9 as compared to the previous close of Rs. 2029.3. The total number of shares traded during the day was 1592 in over 1088 trades.
The stock hit an intraday high of Rs. 2065 and intraday low of 2020. The net turnover during the day was Rs. 3240138.