Supreme Petrochem Ltd has knowledgeable the inventory exchanges that it has commenced manufacturing at its Chennai plant, which was disrupted because of floods brought on by cyclone Michaung .
The corporate’s inventory traded at ₹554.80 on the BSE as of two:21 pm on Wednesday, down by 0.84 per cent.
Supreme Petrochem earlier signed a Energy Supply Settlement (PDA) for 12.5 MW with TP Saturn Ltd, a particular objective car (SPV) fashioned by Tata Energy Renewable Vitality Ltd. (TPREL), to acquire inexperienced/ photo voltaic power for the corporate’s plant at Amdoshi in Raigad, Maharashtra. It had introduced buying 26 per cent fairness stake in TP Saturn Ltd from TPREL for an funding of ₹5.36 crore.
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