Valiant Organics to resume operations at its Sarigam Plant; Stock soars 2%

22 Jul 2022 , 09:17 AM

Valiant Organics Limited has given update to the exchanges regarding blast in reactor incident at company’s Sarigam Plant.

According to the filing, the company has announced that the operational normalcy has been restored at its plant at GIDC Sarigam, Valsad, Gujarat.

“All desired permissions, clearances etc. are in place which includes the one from Gujarat Pollution Control Board (GPCB). Moreover, the ‘GPCB’ on July 21, 2022 given permission to restart the manufacturing activities”, the company said on Thursday.

On Friday, at around 9:17 AM, Valiant Organics was trading at Rs710.95 per share higher by 2.28% as against previous closing of Rs695.10 per  share on the BSE.