India's Oricon Enterprises up 10% as operations resume in Maharashtra plant

Oricon Enterprises

21/04/2023 09:23

** Shares of Oricon Enterprises Ltd  OREN.NS  jump as much
as 10.57% to 21.45 rupees, highest level in over six weeks since
March 3
    ** Petrochemical products manufacturer will resume
operations at its Murbad plant in Maharashtra in a phased manner
    ** Operations at the plant, in which crowns and pilfer proof
caps are manufactured, were affected due to disagreements
between management and labour union
    ** Co says it has reached amicable settlement with labour
union and operations will resume from April 22
    ** Trading volume at 350,210 shares as of 1:45 p.m. IST,
nearly twice the 30-day avg - Refinitiv data





 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463))