Manali Petrochemicals Ltd receives CTO for expanded Propylene Glycol facility

Manali Petrochemicals Limited has received the Consent to Operate (CTO) for the expanded Propylene Glycol (PG) facility at Plant II located in Manali, Chennai under Section 21 of the Air (Prevention and Control of Pollution) Act, 1981 as amended in 1987 (Central Act 14 of 1981) and under Section 25 of the Water (Prevention and Control of Pollution) Act, 1974 as amended in 1988 (Central Act, 6 of 1974) from the Tamil Nadu Pollution Control Board (TNPCB). The said consent is valid until 31st March 2030.

With the receipt of this approval, the Company is now permitted to commence manufacturing of the products as specified in the CTO.

Shares of Manali Petrochemicals Limited was last trading in BSE at Rs. 70.34 as compared to the previous close of Rs. 72.99. The total number of shares traded during the day was 125388 in over 1341 trades.

The stock hit an intraday high of Rs. 73.60 and intraday low of 70.04. The net turnover during the day was Rs. 9018864.00.

Source : Equity Bulls

Keywords

ManaliPetrochemicals INE201A01024 ConsentToOperate PropyleneGlycol ExpandedFacility