RDB Rasayans’ share prices surge on approval of FIBC expansion project

Arushi Mishra Updated - July 19, 2023 at 05:17 PM.

The project has received land allocation approval from the Odisha government, leading to a positive impact on RDB Rasayans’ share prices

RDB Rasayans Ltd, in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, has announced its proposed expansion project for a Flexible Intermediate Bulk Container (FIBC) at Jaleswar, Balasore, Odisha.

The Odisha government has approved the land allocation, and the news of the project’s approval has had a positive impact on RDB Rasayans’ share prices, resulting in a surge in the company’s stock value. 

While a formal confirmation letter is yet to be received, the company’s share price went up by 8.91 per cent to ₹114.25 at 03:01 pm on Wednesday on BSE.

Published on July 19, 2023 11:47
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