Finolex Industries has informed that it will keep its plants, warehouses and offices temporarily shut in Maharashtra till Tuesday, 31 March 2020 on account of COVID-19 pandemic.
As per the company's press filing, Finolex Industries has decided to temporarily shut its manufacturing plants located in Urse, Ratnagiri in Maharashtra along with other warehouses and offices in the state of Maharashtra till Tuesday, 31 March 2020, as per the lockdown imposed by Central/State/Municipal authorities to combat COVID-19 disease.
The firm has also decided to suspend operations at other manufacturing plants, warehouses and offices situated in other states as notified by the respective authorities.
The disclosure was made after trading hours yesterday, 23 March 2020.
Finolex Industries is a manufacturer of PVC pipes and fittings, and PVC resins. The company operates through PVC, pipes & fittings and power segments. The firm offers its products in categories, including agricultural pipes and fittings, and plumbing and sanitation pipes and fittings.
Shares of Finolex Industries tumbled 17.83% to close at Rs 313.85 yesterday, 23 March 2020. The stock hit its 52-week low at Rs 305.60 yesterday.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app