The closure notice is for non-compliance of stipulated by the Board and failure to implement the necessary pollution control measures under the Air Act, 1981 and Water Act, 1974, the company said in a release.
The Paradeep plant has been shut down from July 17, 2014 for maintenance and hence the order has been complied with, the release said.
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Meanwhile, the company also said that it is in the process of setting up pollution control measures and other compliances.
The stock opened at Rs 101 on the BSE and touched a low of Rs 92 on the BSE. Over 250,000 shares were traded on both the stock exchanges so far.
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