SRF nears all-time high, gains 3% after Gujarat plant resumes operation

The Gujarat Pollution Control Board had, on March 29, asked the company to shut down its Dahej plant citing the violation of industrial waste disposal norms

SRF shares were trading 3 per cent higher at Rs 2,450 in intra-day trade on the BSE on Thursday in an otherwise subdued market after the company resumed operations at its Dahej industrial plant in Gujarat.

“A revocation order dated April 3, 2019 has been issued by Gujarat Pollution Control Board (GPCB) and in compliance with the said order, the site should resume operations at the earliest,” SRF said in BSE filing on Thursday.

On Monday, April 1, the stock had tanked 8 per cent in intra-day trade, after the GPCB's March 29 order asked the company to shut down