BOM:500449

3 stories mentioning BOM:500449

Every FINWIRES story that references BOM:500449, newest first.

Hindustan Organic Chemicals to Temporarily Shut Phenol Plant

Hindustan Organic Chemicals (BOM:500449) said its phenol plant in Kochi, Kerala will undergo a temporary shutdown for 10 days starting May 23, according to a BSE filing on Friday.Shares of the company rose around 1% in Monday's trade.The shutdown is planned to facilitate statutory testing of supply of BPCL LPG cross-country pipeline, the company said in the filing. It also plans to carry out some shutdown activities in certain equipment and pipelines, the filing said.The hydrogen peroxide plant will continue operations during the shutdown period, it added.

BOM:500449

Asia56d ago

Indian Equities Edge Higher on Monday Amid Uncertainty Over US-Iran Tensions

Indian benchmark indices closed with marginal gains on Monday as ongoing uncertainty around the US-Iran situation and higher crude oil prices kept investors cautious.The BSE Sensex rose 26.76 points, or 0.03%, to end at 78,520.30, while the NSE Nifty 50 gained 11.30 points, or 0.1%, to close at 24,364.85.Market sentiment remained fragile amid mixed global cues and tensions in the Middle East. The two-week ceasefire between the U.S. and Iran is set to expire on Tuesday. Reports of renewed tensions around the Strait of Hormuz point to a possible escalation, casting doubt on the continuation of the ceasefire.Among stocks, Hindustan Organic Chemicals (BOM:500449) surged over 11% after initiating steps to restart operations at its phenol and cumene plant in Kochi, according to a Monday filing. The restart follows the resumption of liquified petroleum gas supply by Bharat Petroleum Corporation.Sterling and Wilson Renewable Energy (NSE:SWSOLAR, BOM:542760) gained over 9% after emerging as the lowest bidder for a 34.9 billion rupees EPC contract from Coal India for a large solar project in Rajasthan, according to a Monday filing. The company also secured an additional 50 MW project in Maharashtra.

^BSENifty 50BOM:500449BOM:542760NSE:SWSOLAR

Commodities56d ago

Hindustan Organic Chemicals Begins Process to Restart Kochi, India Unit's Operations; Shares Jump 15%

Hindustan Organic Chemicals (BOM:500449) has begun the process of restarting the necessary plant activities for the commercial production of its phenol and cumene plant in Kochi, India, according to a Monday filing to the BSE.The company had shut down the phenol and cumene plants of the HOCL Kochi unit due to a shortage of raw materials amid the ongoing geopolitical tensions.However, Bharat Petroleum Corporation (NSE:BPCL, BOM:500547) has resumed the supply of liquified petroleum gas in accordance with the directions of the Government of India, enabling the restart of the Kochi plant's operations.The company's shares surged 15% in recent trade.

BOM:500449BOM:500547NSE:BPCL