Hindustan Organic Chemicals Announces Temporary Shutdown of Kochi Phenol Plant Due to Market Constraints
Hindustan Organic Chemicals Ltd has announced that it has initiated temporary shutdown activities for its Phenol plant located in Kochi, Kerala. The decision comes amid prevailing product market constraints affecting the company’s operations.The announcement confirms the temporary operational status of the facility. In addition to the Phenol plant, the Hydrogen Peroxide Plant at the same location is already under a temporary shutdown as well.
Hindustan Organic Chemicals Ltd has stated that the reopening schedule for these plants will be communicated separately when preparations are complete.
Stock Price Movement
At the close of trade today, Hindustan Organic Chemicals Ltd settled at ₹38.78, slipping 1.35% for the day. Shares traded within an intraday range that spanned from a low of ₹38.55 up to a high of ₹40.50.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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