CIL Nova Petrochemicals's manufacturing plant shuts down for maintenance of power plant

4 Jul 2022 , 03:16 PM

CIL Nova Petrochemicals Ltd has announced that the operations of company’s Manufacturing Plant located at Moraiya, Village, Sarkhej – Bavla, Highway Tal. Sanand, Ahmedabad has been temporarily shut down due to maintenance work of Captive Power Plant from July 01, 2022.

“There would not be any material impact, as it is a temporary shutdown of the Company’s plant and there is sufficient inventory to service the sales orders in hand”, the company in a regulatory filing.

On Monday at around 3:15 PM, CIL Nova Petrochemicals was trading at Rs29.10 per share up by Rs0.75 or 2.65% from its previous closing of Rs28.35 per share on the BSE. The current market cap of the company is Rs76.83 crore.