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“With the TNPCB nod, now the utilization of the plants is being restored to the earlier levels,” said the company in a filing to BSE.
The company will declare its June quarter earnings on August 04, 2016
Shares of Manali Petrochemicals rallied nearly 9 per cent after the company said it has received approval from Tamil Nadu Pollution Control Board (TNPCB) to operate the plants at higher capacity.
The stock of Manali Petrochemicals hit an intraday high of Rs 36.75, up 8.75 per cent on the BSE.