Monnet Ispat & Energy Ltd restarts manufacturing operations at Raipur plant

Monnet Ispat & Energy Ltd had announced the restart of the integrated steel manufacturing operations of the plant located at Raigarh, Chhattisgarh w.e.f 02nd May, 2020.

The Company's operations,including its plant situated in Raipur, Chhattisgarh were temporarily suspended in view of nationwide lockdown advisory announced by the Government of India and other authorities to contain the spread of COVID19.

The Company has now also restarted manufacturing operations at its plant located at Raipur, Chhattisgarh w.e.f 15th May,2020.

The manufacturing operations of the Company are being conducted in compliance with the relevant guidelines/advisory for taking necessary measures and precautions, for the containment of COVID-19 issued by the Government and authorities, including measures like maintaining social distancing and restriction on number of workers, till such time the restrictions are removed.

Shares of MONNET ISPAT & ENERGY LTD. was last trading in BSE at Rs.11.45 as compared to the previous close of Rs. 11.21. The total number of shares traded during the day was 3035 in over 12 trades.

The stock hit an intraday high of Rs. 11.45 and intraday low of 11. The net turnover during the day was Rs. 34373.

Source : Equity Bulls

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