Sudarshan Chemical Industries gained 3.11% to Rs 423.25 after the company said it has received necessary permissions to restart production at its manufacturing facility located at Mahad, Maharashtra.
On 26 March 2020, the company announced temporary suspension of manufacturing facilities at Roha and Mahad in Maharashtra due to pandemic of Novel Coronavirus (COVID-19).On 7 April 2020, the company announced that it restarted its facility at Roha after receiving approval from the appropriate authority.
The company on Thursday (16 April) announced that it received necessary permissions to restart production at its manufacturing facility located at Mahad.
The company said it is undertaking all safety measures and guidelines including standard operating procedure for social distancing at the said sites, as issued by the Government of India.
Sudarshan Chemical Industries' consolidated net profit soared 66.16% to Rs 29.81 crore on a 8.19% increase in net sales to Rs 416.28 crore in Q3 December 2019 over Q3 December 2018.
Sudarshan Chemical Industries is a color and effect pigment manufacturer.
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