Gujarat Narmada Valley Fertilizers and Chemicals has informed the exchanges that it has re-started production at the TDI Plant, Dahej. Earlier, the company had said that the plant was shut down due to leakage reported in the early hours on January 15. “This feat of shutting down the plant without any property damage or loss of life as well as starting at the earliest with full safety precautions observed is made possible due to relentless support of all agencies involved, especially Director of Industrial Safety & Health apart from the dedicated team effort of the company’s employees,” the company said in the statement. The stock of GNFC closed at ₹519, a gain of 1.4 per cent on the NSE.

HSIL has launched a new product – TRUFLO – UPVC and CPVC plumbing pipes, which will cater to the domestic market. The new product will primarily be sourced from the newly-constructed pipes plant currently under trial production in Telangana. The stock of HSIL closed flat at ₹488.90 on the NSE against the previous day’s close of ₹488.75.

Entertainment Network India on Tuesday said it has raised ₹102.6 crore by issuing commercial papers to BNP Paribas. The CPs have a tenor of 364 days and maturity value of ₹110 crore with effective yield of 7.20 per cent per annum, the company said in a notice to the stock exchanges. ENIL said proceeds of the issue will be used for repayment of other outstanding CPs when they mature. In a separate filing, ENIL said it has fully repaid unsecured commercial papers with maturity value of ₹130 crore issued on January 24, 2017. Shares of ENIL closed 2.13 per cent higher at ₹784.30 on the BSE.

Related Topics