Diamines and Chemicals stock skyrockets 11% on receiving Environment Clearance for expansion project

10 Jan 2022 , 09:57 AM

Diamines & Chemicals  Ltd has informed that the company has received a letter dated December 28, 2021 from the State Level Environment lmpact Assessment Authority (SElAA) on January 08, 2022 for Environment clearance for setting up expanslon in manufacturing plant of synthetic organic Chemicals’ at Plot No. 13, PCC Area, P. O. Petrochemicals, Vadodara.

Considering EC as a primary permission to manufacture new products and will contribute to increase in total production capacity.

Period for which such approval is valid is 7 years from date of issue (December 28,2021)

At around 9:58 AM, Diamines & Chemicals was trading at Rs280.85 apiece up by Rs29.2 or 11.6% from its previous closing of Rs251.65 apiece on the BSE.