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Gini Silk Mills closes manufacturing unit in Palghar after Maharashtra Pollution Control Board serves notice

The company ended flat at Rs61.70 per piece on the BSE.

January 19, 2021 4:32 IST | India Infoline News Service
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Gini Silk Mills Limited ended the day flat after announcing the closure of one of its manufacturing units in Maharashtra.

After being served a notice by Maharashtra Pollution Control Board to M/s Tarapur Environment Protectio Society CETP which the company is a member of, the company has shut down the unit.

The unit is situated at Plot N E-15, MIDC, Tarapur, Palghar.

All members have been informed by the CETP that it is taking all necessary steps to reopen so that all member industries connected including the company itself can start manufacturing activities at the earliest, the company said.

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