The notice was served on the company last week for alleged violation of environmental norms.
"Raymond has been served a closure notice after one of its waste (water) discharge pipelines got ruptured, and discharge was coming out in open," GPCB Incharge Member Secretary K C Mistry told PTI.
"Power has been disconnected (earlier this week) at the plant," he said.
Separately in a BSE filing, Raymond today said: "The company has temporarily suspended operations at the plant in compliance with the notice and has filed a revocation application with the concerned authorities."
Similar notices have been issued to a few other manufacturing units operating in the vicinity of the company's premises, Raymond said.