India's Greenply Industries falls after plant shutdown in Gabon

Greenply Industries

13/09/2023 05:58

** Shares of Greenply Industries  GRPL.NS  fall as much as 3.6%
to 158.1 rupees, their biggest intraday pct loss since July 25
    ** Stock touches lowest level since Aug. 14
    ** Plywood products maker says unit Green ply Gabon SA
stopped operations due to protests by local workforce at the
NKOK Special Economic Zone (SEZ), Gabon  
    ** Adds, difficult to assess the financial impact due to the
shutdown 
    ** Plant had barely resumed normalcy after Gabon appointed
new president following a military coup - co
    ** Trading volume is 164,507 shares as of 10:20 a.m. IST,
1.0x the 30-day avg - LSEG data


 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))