GPCB revokes closure order issued to Aether Industries Limited

The Gujarat Pollution Control Board ('GPCB') vide its communication dated January 5, 2024 (which Aether Industries Limited receive today), has revoked the closure order (which was issued on account of fire accident on November 29, 2023 for unaffected areas of Manufacturing Facility 2, hence approving the resumption of operations therein, upon adhering compliances as stipulated:

The remaining operations at other Manufacturing Facilities (1 and 3) are normal, and

The capex projects for the three Greenfield Manufacturing Facilities (3++, 4 and 5) are moving ahead as per the plan.

Total 10 (ten) causalities are reported in the unfortunate accident and the family members of the deceased workers, have already been compensated ex-gratia by the Company.

Apart from this, the complete medical treatment expenses of the injured workers have been taken care of by the Company.

Shares of Aether Industries Limited was last trading in BSE at Rs. 903.40 as compared to the previous close of Rs. 900.75. The total number of shares traded during the day was 8465 in over 646 trades.

The stock hit an intraday high of Rs. 909.70 and intraday low of 894.00. The net turnover during the day was Rs. 7631153.00.

Source : Equity Bulls

Keywords

AetherIndustries SpecialtyChemicals INE0BWX01014 GPCB ClosureOrder Revoked ManufacturingFacility2