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Setco Automotive Limited ( (IN:SETCO) ) has provided an update.
Setco Automotive has received a three-month revocation of an earlier closure order from the Gujarat Pollution Control Board for its subsidiary SASPL’s manufacturing unit in Kalol, Gujarat, allowing operations to resume. The regulatory relief follows verification of environmental compliance measures and is subject to adherence to consent conditions and an undertaking, with the company stating that no material adverse impact is expected and emphasizing its commitment to ongoing compliance with environmental laws.
More about Setco Automotive Limited
Setco Automotive Limited operates in the automotive components industry and focuses on manufacturing clutches and related systems for commercial vehicles. Through its subsidiary SASPL, the company runs a key production unit in Kalol, Gujarat, serving domestic and potentially export markets tied to the commercial vehicle and industrial sectors.
Average Trading Volume: 19,557
Technical Sentiment Signal: Buy
Current Market Cap: 3.3B INR
Learn more about SETCO stock on TipRanks’ Stock Analysis page.