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The latest update is out from Zuari Industries Limited ( (IN:ZUARIIND) ).
Zuari Industries Limited has received interim relief from the Allahabad High Court regarding the reinstatement of export fees on denatured alcohol by the Uttar Pradesh government. The court’s decision allows the movement of trucks carrying industrial alcohol, provided proper records are maintained and indemnity bonds are submitted, pending final adjudication. This development is significant for the company as it temporarily alleviates the financial burden of retrospective and prospective export fees, impacting its operations and financial obligations.
More about Zuari Industries Limited
Zuari Industries Limited operates in the industrial sector, focusing on the production and distribution of industrial alcohol and other related products. The company is a member of the U.P. Sugar Mills Association, indicating its involvement in the sugar and alcohol industries, with a market focus on both domestic and export markets.
Average Trading Volume: 8,139
Technical Sentiment Signal: Buy
Current Market Cap: 8.69B INR
For detailed information about ZUARIIND stock, go to TipRanks’ Stock Analysis page.
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