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Sheela Foam fell 1.13% to Rs 2037.40 after the company said it received an order on 18 February 2021 to close its Jalpaiguri plant from the West Bengal Pollution Control Board.The company said it holds a valid consent to operate and is established in an integrated industrial township for more than 5 years. The company is reaching out to the competent authority and also seeking legal advice. However, for the time being, it is suspending operations in the Jalpaiguri unit. The turnover of the unit is 6% of the total turnover of the Indian operations. The company is making arrangements to service the impacted distribution from its other facilities. ....
Sheela Foam announced that the Company has received on 18 February 2021, a closure order the company s Jalpaiguri plant (West Bengal) from the West Bengal Pollution Control Board. The Company holds a valid Consent to Operate and is established in an Integrated Industrial Township for more than 5 years. The Company is reaching out to the Competent Authority and also seeking legal advice. For the present we are suspending operations in the above-mentioned unit. The turnover of this unit is 6% of the total turnover of the Indian Operations and the company is making arrangements to service the impacted distribution from its other facilities. ....