Astral trades higher despite temporarily shutting operations

28 Feb 2022 , 11:12 AM

In its regulatory filing on Monday, Astral Ltd., informed the exchange and investors that fire broke out in the factory premises of its subsidiary Company viz. Resinova Chemie Limited situated at Santej, Gujarat in early hours of 27th February, 2022. The fire broke out in the storage section of the factory premises and the manufacturing section of the factory was not affected by the fire.

The fire was brought under control by the fire department.

Production was temporarily affected and there was no significant financial loss to the company.

Astral is a global plastics pipe company based in Ahmedabad. Today, the company fulfil the needs of million households while adding extra mileage to India’s developing real estate fraternity.

Astral’s scrip was trading 1.38% higher at Rs1,936.90 against its previous closing price of Rs1,910.60. It touched day’s high and low of Rs1,944.55 and Rs1,856 respectively.