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    Hikal: Is the worst over?

    The reopening of the Taloja plant should help the company consolidate business

    Anubhav Sahu
    August 22, 2022 / 09:38 AM IST
    Hikal: Is the worst over?

    PRO Only Highlights
    -      Quarterly performance largely backed by improved realisations
    -      Medium-term triggers China plus and protectionist measures for tyre industry
    -      Valuations not inexpensive; but improved medium-term outlook

    The Taloja plant of Hikal resumed operation early last month after the Bombay High Court, in its order dated June 23, 2022, directed the Maharashtra Pollution Control Board (MPCB) to grant permission to the company to re-start manufacturing activities at the said unit. The MPCB had earlier ordered the closure of the Taloja plant following a probe into the disposal of a chemical called Sodium Hydro Sulphide at Sachin GIDC that led to a few casualties. The Bombay HC order...

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