Jubilant Life Sciences down in red

Jubilant Life Sciences is down in the red, going to Rs.761, a decline of 3%. It remains firmly in the red but now at Rs.768 levels. The stock’s 52-week high stands at Rs.879.10 and low at Rs.294.20.

The stock is down after the National Green Tribunal (NGT) yesterday ordered suspension of operations in the industrial unit of Jubilant Life Sciences Ltd., among 13 others, in Uttar Pradesh.

The units situated near the river Bagad in Gajraula were asked to cease operations by the tribunal citing pollution of the river Ganga and the drainage canals leading to it.

In order to resume operations, the industrial units have to provide an action plan to address any discrepancy identified by the committee. The action plan has to be submitted within a week after the committee submits its report. The company is likely to submit an action plan to the NGT by May 2nd.