Hindustan Organic Chemicals shuts down Kochi plant citing unfavorable market conditions

20 Jul 2022 , 09:16 AM

Hindustan Organic Chemicals Ltd has informed to the exchanges regarding temporary shutdown of Company’s Kochi plant from July 19, 2022 onwards.

“Our Company’s Kochi Plant will be temporarily shutdown from July 19, 2022 onwards due to unviable market conditions. Re-opening of Kochi Plant shall be intimated separately to the Stock Exchange”, the company said in a regulatory filing on Tuesday.

On Wednesday early morning trade, Hindustan Organic Chemicals was trading at Rs30.50 per share higher by 0.16% as against previous closing of Rs30.45 per share on the BSE.