Fine Organic rose 1.54% to Rs 2608.80 after the Maharashtra Pollution Control Board (MPCB) approved the company to resume manufacturing activities at its Thane facility.MPCB has vide its letter dated 8 January 2021 has approved Fine Organic to continue manufacturing activities at the factory premises situated at Ambernath in Thane.
In December 2020, MPCB had ordered closure of the factory premises for alleged violation of the provisions of Water (Prevention and Control of Pollution) Act, 1974, Air (Prevention and Control Pollution), Act, 1981 and the Rules made thereunder.
Fine Organic Industries is engaged in the manufacturing of oleochemical additives for various end-user industries such as foods, plastics, rubbers, paints, inks, cosmetics, coatings, textile auxiliaries, lubes etc.
J. Kumar Infraprojects jumped 3.83% to Rs 150.40 after the construction company received a letter of acceptance (LoA) from Gujarat Metro Rail Corporation (GMRC).
The contracy is for design, construction and completion of underground stations and tunnel from Surat Railway station to Chowk Bazar Ramp worth Rs 866 crore. The announcement was made during trading hours today, 11 January 2021.
J. Kumar Infraprojects net profit tumbled 87.3% to Rs 7.11 crore on a 24.5% decline in net sales to Rs 477.39 crore in Q2 September 2020 over Q2 September 2019.
J Kumar Infraprojects is a construction company based in Mumbai.
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