Stocks

Hawkins Cookers gets stay on Punjab PCB order

K. S. Badri Narayanan Chennai | Updated on December 12, 2011

Hawkins Cookers Ltd has informed the Bombay Stock Exchange that it has got a stay from the Punjab and Haryana High Court against an order issued by the Punjab Pollution Control Board, which instructed it to cease discharging trade effluents from its Hoshiarpur unit.

The board has alleged that the company is polluting beyond permissible limits. The matter is being heard in the High Court currently from time to time, Hawkins Cookers said.

Meanwhile, the company is continuing its operations at Hoshiarpur factory on a restricted basis and is also taking “urgent steps to modernise and expand its effluent treatment plant’’.

“This development has not affected the production of pressure cookers at the company’s plants in Uttar Pradesh and Maharashtra. The said development has not affected the procurement of cookware,’’ it said in a statement.

The stock, however, slipped one per cent to Rs 1,501.50.

Published on December 12, 2011

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