Shares of Bhushan Steel have dropped 3.6% to Rs 43.55 on the Bombay Stock Exchange (BSE) after the National Green Tribunal (NGT) ordered the closure of Bhushan Steel’s facility in Sahibabad industrial area for 4 weeks.
According to media reports, an application filed before NGT alleges that the industries in Ghaziabad around the Sahibabad area has contaminated the ground water thus making it contaminated. The application further states that the ground water is being extracted in high quantity without permission from CGWA.
The stock opened at Rs 44.55 and touched a low of 43.05. A combined total of 456,455 shares changed hands on the counter of NSE and BSE.
- metaljunction »
- Metal News
Metal News & Events
METALJUNCTION PUBLICATIONS
Coal Insights (English) Monthly
Coal Insights is a ready reckoner for anyone associated with coal. This publication is aimed at tracking everything related to coal in India.
India Coal Market Watch(English) Monthly
ICMW is a one-stop source for all news, data and research pertaining to coal demand, consumption, stocks, spot- and long-term prices with respect to the Indian Market.
India Steel Market Watch (English) Monthly
ISMW is a brand new high-end steel market report, covering all aspects of the steel industry in India.
Steel Insights(English) Monthly
Steel Insights delves into various facets of the domestic and global steel industry such as market fundamentals, raw material price trends, price forecasts etc.