POCL Enterprises Ltd expects to start commercial operations of PVC Stabilizer business from July 2021

POCL Enterprises Ltd had earlier announced about the approval of the business expansion into non-lead based PVC Stabilizer business of the Company.

The Board of Directors in their meeting held on June 29, 2021 has taken note of the successful completion of the proposed non-lead PVC Stabilizer project at Maraimalai Nagar with an Annual Capacity of 5000 MT. In this regard, we have successfully developed new grades of material based on various trials conducted over the past 6 months suitable to customer needs and the initial trials has been successful.

Due to CoVID restrictions, there has been a delay in starting the commercial activity. However, the Company expects to start the commercial activities from July 2021.

Shares of POCL Enterprises Ltd was last trading in BSE at Rs.56.45 as compared to the previous close of Rs. 54.85. The total number of shares traded during the day was 12046 in over 92 trades.

The stock hit an intraday high of Rs. 58 and intraday low of 54.55. The net turnover during the day was Rs. 687084.

Source : Equity Bulls

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