Sabero Organics Gujarat has soared 15% to Rs 136 after the company said the Gujarat Pollution Control Board (GPCB) revoked its closure order of the company’s unit for a period of 3 months.
“The GPCB, subsequent to their visit and inspection of the company's unit, has vide its letter dated November 30, 2013 has revoked its closure order for a period of 3 months during which period company will ensure adherence of guidelines stipulated by GPCB,” Sabero Organics said in a statement.
Consequent to the revocation order, company continues to operate the plant without any disruption, it added.
Earlier on November 18, 2013, GPCB had directed the company to close the operations at the company's Sarigam unit within 15 days of their order for alleged non-conformance of certain environmental norms.
The stock opened at Rs 123 and touched high of Rs 142 on the BSE. A combined around 162,000 shares have changed hands on the counter so far on the BSE and NSE.
“The GPCB, subsequent to their visit and inspection of the company's unit, has vide its letter dated November 30, 2013 has revoked its closure order for a period of 3 months during which period company will ensure adherence of guidelines stipulated by GPCB,” Sabero Organics said in a statement.
Consequent to the revocation order, company continues to operate the plant without any disruption, it added.
Earlier on November 18, 2013, GPCB had directed the company to close the operations at the company's Sarigam unit within 15 days of their order for alleged non-conformance of certain environmental norms.
The stock opened at Rs 123 and touched high of Rs 142 on the BSE. A combined around 162,000 shares have changed hands on the counter so far on the BSE and NSE.
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