Jaypee Infratech gains on govt notification for Okhla eco-sensitive zone

With this stalled projects can resume following the centre nod for reduction in eco-sensitive zone around the Okhla bird sanctuary

Shares of Jaypee Infratech gained after reports that the government has approved the reduction in eco-sensitive zone around the Okhla bird sanctuary.

According to the notification, the eco-sensitive zone will be considered up to 100 metres from the eastern, western and southern boundary and up to 1.27 km from the northern boundary of the Okhla bird sanctuary, Business Standard reported (Click here for the full report).

Several projects were stalled after the National Green Tribunal in October 2013 ordered halt in construction around a radius of 10 km from the Okhla bird sanctuary.

The stock opened at Rs 15.50 and touched a high of Rs 15.90. At 2:45PM, over 7.9 million shares were traded on both the stock exchanges.