HIL shoots up 9% after resuming operations at Balasore plant in Odisha

20 Jan 2022 , 12:40 PM

HIL Limited has resumed operations at the Balasore plant with effect from January 19, 2022. The company had informed on December 29, 2021, that operations of the Balasore Plant located at Balasore, Odisha had been temporarily stopped due to a strike called by the workers.

“The management of the Company and the workers have resolved their issues and the workers have resumed operations at the plant with effect from January 19, 2022, paving the way for the business to scale up as per plan,” the company said in a filing on Wednesday.

At around 12.43 PM, Hil Ltd was trading at Rs4,825 per share up by Rs401.85 or 9.09% from its previous closing of Rs4,423.15 per share on the BSE.

The scrip opened at Rs4,500.90 and has touched a high and low of Rs4,860.85 and Rs4,483.50 respectively.