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Hindustan Organic Chemicals surges 20% on land sale plan to BPCL

The board meet on Jan 20 will consider the proposal to sell part of the land at Rasayani to BPCL

HOCL surges 20% on land sale plan to BPCL
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SI Reporter Mumbai
Hindustan Organic Chemicals Limited (HOCL) is locked in upper circuit of 20% at Rs 25.80 on the BSE on back of heavy volumes after the company announced that the board will consider the proposal to sell part of the company’s land at Rasayani to Bharat Petroleum Corporation (BPCL).

“A meeting of the board of directors of the company will be held on January 20, 2017, to consider and approve the proposal to sell part of HOCL land at Rasayani to BPCL, proposal to sell land, plant & machinery of C.N.A plant at HOCL Rasayani to ISRO as per Government

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