Shree Rama Newsprint up 3.5%
By
Ruma Dubey
about 4 years ago
Shree Rama Newsprint opened 3.66% higher at Rs.14.15 and it look as though it is frozen there. Its 20% UC for the day is at Rs.16.38.
Following a fire in June at its paper unit, the Gujarat Pollution Control Board ('GPCB') had ordered closure of the unit, stating that this had caused damage to the environment. The company had shut down its operations in the paper unit from 8th August.
And finally, yesterday, the company said that the GPCB had revoked this order and the company is now taking necessary steps to resume operations of its paper unit.