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3:30 pm Market Closing: Benchmark indices reversed some of previous day's gains amid sell-off in last hour of trade. (66-0)
Shares of Hindustan Organic Chemicals (HOCL) locked at 5 percent upper circuit as company board will consider sale of Rasayani land to BPCL.
RPP Infra Projects has informed the exchanges that it has bagged an order from Karnataka State Police Housing (KSPH) and Infrastructure Development Corporation (IDCL) for ₹50.70 crore. The company has to build 192 police quarters in Kolar City and 156 quarters in Mysore under the Police Gruha 2020 scheme. The work has to be completed within 16 months, RPP Infra said in a statement to the exchanges.
State run Hindustan Organic Chemicals Ltd. was buzzing during Wednesday’s trade on the BSE. The stock breached upper circuit at Rs 25.20 with an increment of 5%.
Duty on imports from Bangladesh, Taiwan, South Korea, Indonesia, Pakistan and Thailand valid for 5 years
The Cabinet Committee on Economic Affairs, has approved a restructuring plan for Hindustan Organic Chemicals Ltd (HOCL)
The restructuring plan involves closing down the operations of all the non-viable plants at Rasayani unit of HOCL except Di-Nitrogen Tetroxide (N2O4) plant which is to be transferred to ISRO on as is where is basis, with about 20 acres of land and employees associated with the plant. The N2O4 plant is of strategic importance as it is the only indigenous source of N2O4 which is used as liquid rocket propellant by ISRO in the space launch vehicles.
The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved restructuring of state-run Hindustan Organic Chemicals Ltd. (HOCL) after it registered continuous losses since 2011-12 even as most of its plants have been shut down and salaries not being paid to the employees.