India's Paradeep Phosphates drops after pollution board orders to halt plant operations

Paradeep Phosphates

26/03/2024 04:22

** Shares of Paradeep Phosphates  PRAO.NS  down 3.31% to
65.85 rupees, their lowest since Dec 21, 2023
    ** The Central Pollution Control Board issues closure of
operation notice to the fertilizer maker's Paradeep plant due to
non-compliance with pollution board conditions
    ** Co says there's no wrongdoing from its side, and is
confident of resolving matter through appropriate remedies
    ** Stock down 3% so far this year, after a 15% climb in 2023

    

 (Reporting by Aleef Jahan in Bengaluru)
 ((aleefjahan.cs@thomsonreuters.com))