stock market today Share price of Deepak Nitrite climbed close to 4 per cent in this morning’s deals as the company issued a clarification regarding the Gujarat government’s shutdown notice on the Nandesari blasts on media reports. Deepak Nitrite share price today opened with an upper margin and reached intraday high 1854 per share level on NSE.
Responding to clarifications sought by Indian exchanges, Deepak Nitrite stated that the Government of Gujarat intends to restart the plant only after the stability studies/other necessary compliances are carried out and they also find the same satisfactory for safe restart, which is in line with the company’s wish that the chemical intermediate manufacturer had earlier The same is mentioned in his exchange communication immediately after the fire broke out in the godown of his Nandesari plant in Vadodara, Gujarat.
Explanation of Deepak Nitrite He further added that the company has already informed the concerned authorities, the cause of the fire is being investigated and the construction works will be resumed after clearance of the damaged godown and the company is going to investigate the concerned authorities. Committed to providing all assistance. Case.
“We appreciate the prompt and professional initiative by the government officials, in which they have echoed the similar desire i.e. to restart the plant only after the stability studies/ other necessary compliances are done and they too have been given the same for safe restart. Other Government officials have sought similar satisfaction to confirm the safe restart of the plant. We are confident that the regulatory authorities finding these reports satisfactory as well as meeting all other compliances will give us the satisfaction of the plant. Will be ready to allow it to resume.”
Deepak Nitrite Management reiterated in its clarification that the chemical company is in the process of ascertaining the impact of the incident and that both property damage as well as business loss are covered under the insurance, “The company has informed about all major incidents”. in due compliance with the provisions of regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 in respect of the said event and will continue to do so.”