Machinery break down stops production at Kesoram Industries

Kesoram Industries Ltd has announced that a machinery break down in Raw Mill of Unit III of the Vasavdatta Cement section of the Company, located at Sedam in the district Gulbarga of Karnataka, has taken place resulting in stoppage of production at the said Unit III.

Immediately, necessary steps have been taken for resumption of production at the said unit and no financial loss is expected to be suffered by the Company in view of the same being in the warranty period. The production in other Units at the said section is as usual.

The stock was trading at Rs.357, down by Rs.8.15 or 2.23%. The stock hit an intraday high of Rs.370 and low of Rs.352.20. The total traded quantity was 67137 compared to 2 week average of 77278.

Source : Equity Bulls

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