Nutraplus Products India was locked at 10% upper circuit at Rs 151.90 at 15:25 IST on BSE after the company expects to commence the commercial production of the plant gutted in fire within next 90 days after taking plant completion certificate.
The company announced during market hours today, 21 April 2015.
Meanwhile, the BSE Sensex was down 198.53 points, or 0.71%, to 27,687.68.
On BSE, so far 1.34 lakh shares were traded in the counter, compared with an average volume of 34,269 shares in the past one quarter.
Shares of pharma company hit a high of Rs 151.90 and a low of Rs 136 so far during the day.
On 21 January 2015, Nutraplus Products India had said the construction work of the plant gutted in fire at Tarapur, Thane (Maharashtra) has progressed substantially. Further, the company has informed that construction of new plant (Unit IV) is as per schedule and likely to be completed before September 2015 as announced in the board of director meeting held on 2 January 2015. This plant will manufacture high-end pharma products in anti infective and analgesic therapeutic category. This plant will have capacity of 1200 metric tonne per annum.
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