Excel Crop Care jumps 6% after Gujarat Pollution regulator withdraws closure order
Gujarat Pollution Control board has withdrawn its closure order to company's Bhavnagar plant
July 03, 2019 / 01:47 PM IST
Excel Crop Care shares rallied 6 percent intraday on July 3 after Gujarat Pollution Control board withdrew its closure order to company's Bhavnagar plant.
"Based on the action plan submitted by the company, Gujarat Pollution Control board (GPCB) has withdrawn its closure order for a period of three months," the chemical manufacturing company said in its BSE filing.
The company is in the process of complying with the other conditions laid down by GPCB in the withdrawal order, it added.
In June, GPCB had ordered the closure of manufacturing operations of Bhavnagar plant.
The company submitted an action plan to GPCB for scientific disposal of waste/necessary remediation of the subject plot of land.
The stock was quoting at Rs 3,110.00, up Rs 140.45, or 4.73 percent on the BSE at 1316 hours IST.