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From Andhra Pradesh Pollution Control BoardAmara Raja Batteries has received closure orders dated 30 April 2021, from the Andhra Pradesh Pollution Control Board (APPCB), for the Company s Plants situated at Karkambadi and Nunegundlapalli, Chittoor District, Andhra Pradesh effective immediately.
The Company is taking all necessary steps to comply with the orders given by
APPCB and also has pressed into action its contingency plans to avoid dislocation
in supplies of batteries to its customers across product segments including
essential service segments like defence, hospitals and telecom. The Company is
examining all options and preparing for all possible recourse that are available
for the organisation, to ensure that interests of society at large, customers,
Amara Raja Batteries share falls 6% after firm receives closure notice for two plants in Andhra Pradesh
Amara Raja Batteries stock opened with a loss of 2.47% at Rs 790.70 on BSE. It further fell up to 6.37% to Rs 759.05
BusinessToday.In | May 3, 2021 | Updated 13:49 IST
Amara Raja Batteries stock is trading lower than 5 day, 20 day, 50 day, 100 day and 200 day moving averages.
Share price of Amara Raja Batteries lost over 6% on Monday after as said it has received closure orders from the Andhra Pradesh Pollution Control Board (APPCB) for its two plants located in the state. The mid cap stock opened with a loss of 2.47% at Rs 790.70 on BSE.
Highlights
Only emergency services would be allowed to move around after 12 pm
Shops would be allowed to open daily from 6 am to 12 noon
New Delhi: The Andhra Pradesh government on Monday (May 3) decided to impose a ‘partial curfew’ across the state.
This curfew will start on May 5 and go on for two weeks to curb the recent surge of COVID-19 cases. Lockdown-like restrictions will be in place in Andhra Pradesh from 12 noon to 6 am.
Chief Minister Y S Jagan Mohan Reddy announced this decision at a high-level COVID review meeting on Monday, according to news agency PTI.
Shops would be allowed to open daily from 6 am to 12 noon, with prohibitory orders under Section 144 CrPC in force.
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