GPCB asks Hikal Ltd to pay Rs. 1745 lakhs

Hikal Ltd has received a letter dated 20th December 2023 from Gujarat Pollution Control Board (GPCB) directing the Company to pay Rs. 1745 lacs as per the recommendations made in the report submitted by the Joint Committee to NGT, New Delhi. The said letter dated 20.12.2023 was received by the Company on 28.12.2023.

The Company, in consultation with its legal advisors, has taken steps towards appropriate legal remedies, which will be actioned and updated once the Court vacations are over.

Shares of Hikal Limited was last trading in BSE at Rs. 308.35 as compared to the previous close of Rs. 311.15. The total number of shares traded during the day was 13426 in over 603 trades.

The stock hit an intraday high of Rs. 314.00 and intraday low of 306.70. The net turnover during the day was Rs. 4146722.00.

Source : Equity Bulls

Keywords

Hikal INE475B01022 GPCB Demand