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GNFC slips 11% on closure of Dahej plant

In past two months, the stock rallied 25% against 6% rise in the S&P BSE Sensex till yesterday.

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<b>Photo: Twitter <b>

SI Reporter Mumbai
Gujarat Narmada Valley Fertilizers & Chemicals (GNFC) slipped 11% to Rs 481 on BSE after the company said that it has decided to close TDI-II plant at Dahej indefinitely following leakage.

“In the morning on 15th January, 2018, there has been a sudden leakage at TDI-II Plant, Dahej, which called for Plant shutdown at Dahej. Due to safety measures already put in place by the Company over a period of time, neither there is any property damage nor any loss of life,” GNFC said in a regulatory filing.

However, as a matter of abundant precaution, Management has decided