Indo Amines stock zooms 16% on receiving Environment Clearance for expansion project

18 Aug 2022 , 09:45 AM

Indo Amines Ltd stocks rally in the market during early morning trading on Thursday after receiving Environment Clearance for expansion unit.

As per the filing, it has received an Environment Clearance for Expansion of ‘Synthetic Organic Chemical’ for its Manufacturing Plants situated at Plot No. A-35/1, MIDC, Badlapur, Tal. Ambernath, Dist. Thane and Plot No. J-5, MIDC Avdhan Taluka, Dist. Dhule, Maharashtra.

At around 9:45 AM, Indo Amines Ltd was trading at Rs116.80 per share up by Rs16.65 or 16.63% from its previous closing of Rs100.15 per share on the BSE.

The scrip opened at Rs114.45 per share and has touched a high and low of Rs120 per share and Rs114.15 per share respectively so far today. The current market cap of the company is Rs708.04 crore.