Jan 12, 2017 09:55 AM IST IST | Source: Moneycontrol.com

Hindustan Organic rises 20%, to consider sell of land on Jan 20

The company's board meeting is scheduled to be held on January 20, to consider and to approve the unaudited financial results for the third quarter ended December 31, 2016.

Moneycontrol Bureau

Shares of Hindustan Organic Chemicals gained as much as 20 percent intraday Thursday as it is going to consider the proposal to sell its land.

The company's board meeting is scheduled to be held on January 20, to consider and to approve the unaudited financial results for the third quarter ended December 31, 2016.

The board will also consider the proposal to sell part of its land at Rasayani to BPCL and proposal to sell land, plant & machinery of C.N.A plant at Rasayani to ISRO as per GOI's directions.

At 09:36 hrs Hindustan Organic Chemicals was quoting at Rs 25.10, up Rs 3.55, or 16.47 percent on the BSE.

Posted by Rakesh Patil
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