Orient Press trades flat after surging 18% on approval to restart plant

The shares of Orient Press surged around 18% today after the company received Maharashtra Pollution Control Board's (MPCB) approval to restart manufacturing at Tarapur plant.

Nov 12, 2018 06:11 IST India Infoline News Service

The shares of Orient Press trade flat after surging around 18% today on news of company receiving Maharashtra Pollution Control Board (MPCB) approval to restart manufacturing at Tarapur plant.

The company got letter from MPCB to restart the manufacturing activities subject to the fulfilment of certain terms & conditions as stated in the said letter regarding effluent treatment conditions.

The company had closed the manufacturing activities of the flexible packaging manufacturing plant with effect from October 23, 2018, after it received order from Maharashtra Pollution Control Board (MPCB).

The company has accordingly restarted its manufacturing activities from November 06, 2018 onwards.

Orient Press Ltd is currently trading at Rs240.85 up by Rs0.55 or 0.23% from its previous closing of Rs240.30 on the BSE.
The scrip opened at Rs266 and has touched a high and low of Rs283 and Rs240.85 respectively.

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