IPCL lock-out withdrawn, operations restart

With reference to the earlier announcement dated February 05, 2007 regarding an illegal strike at the Allahabad Unit of the Company and lock-out declared with effect from February 04, 2007 at 6.00 a.m., Indian Petrochemicals Corporation Ltd (IPCL) has announced that the lock-out has been withdrawn and the operations of the Company have restarted from April 12, 2007.

The stock closed the day at Rs.292, up by Rs.2.75 or 0.95%. The stock hit an intraday high of Rs.294.20 and low of Rs.287. The total traded quantity was 361978 compared to 2 week average of 353794.

Source : Equity Bulls

Keywords