India's Manali Petrochemicals hits record peak on Econic deal

Manali Petrochemicals

27/09/2021 08:16

** Shares of the petrochemicals maker  MNLI.NS  up 5% at
111.95 rupees
    ** Stock hit its upper circuit and halts trade 
    ** Manali Petrochemicals touched an all-time high after it
entered an agreement with UK-based chemicals firm Econic
Technologies  urn:newsml:reuters.com:*:nFWN2QR097
    ** MNLI will make use of Econic's catalyst chemistry that
utilises carbon dioxide as a raw material to produce sustainable
and environment-friendly products
    ** Co did not disclose terms of deal
    ** Including session's gains, MNLI stock more than tripled
for the year 

 (Reporting by Shivani Singh in Bengaluru)
 ((ShivaniSingh1@thomsonreuters.com; +91 89 6969 2349))