IOL Chemicals shine on getting recognition from GOI

The stock of organic chemicals manufacturer & supplier, IOL Chemicals & Pharmaceuticals Ltd, witnessed a jump today on being recognised as ‘three star export house’ by Ministry of Commerce & Industry, Government of India.

In a regulatory filing made on April 28 after the market hours, IOL Chemicals informed that following the above-mentioned development, the company has been issued a recognition certificate, in accordance with the provisions of Foreign Trade Policy of 2015-2020, by upgrading its two star export house status.

The company added that the certificate will be valid for a period of five years, which will further enable the company to expand its product portfolio in the foreign market.

Incorporated in the year 1986, IOL Chemicals & Pharmaceuticals Ltd is a small-cap company, having a market-cap of Rs 1,451.77 crore, operating in the pharmaceuticals sector.

At 1.14 pm on Wednesday, the stock of IOL Chemicals & Pharmaceuticals Ltd is trading at Rs 307.00, up by 2.73 per cent against its previous close of Rs 298.85. Its 52-week high is Rs 321.90 while, its 52-week low is Rs 147.35 on BSE.