GPCB asks Sumitomo Chemical India Ltd to close operations at Bhavnagar site

Sumitomo Chemical India Limited had earlier announced about the accident at the Bhavnagar Site of the Company on Friday, 24th February, 2023.

The Gujarat Pollution Control Board ("GPCB") has uploaded an Order on its website instructing the Company to restrict and close its operations at the Company's Bhavnagar Site.

GPCB has laid down certain conditions and has asked the Company to fulfil the same. The Company has already fulfilled several of the conditions laid down by GPCB. It is already in the process of taking necessary steps to comply with other instructions of GPCB and to resume operations at the Bhavnagar site as soon as possible.

Shares of Sumitomo Chemical India Limited was last trading in BSE at Rs. 449.90 as compared to the previous close of Rs. 447.55. The total number of shares traded during the day was 9850 in over 988 trades.

The stock hit an intraday high of Rs. 452.00 and intraday low of 445.00. The net turnover during the day was Rs. 4425481.00.

Source : Equity Bulls

Keywords

SumitomoChemicalIndia INE258G01013 GPCB OperationsClosure Bhavnagar