Rushil Decor Ltd to close Chikmagalur MDF plant for 45 days for maintenance

Rushil Decor Ltd has decided to close the manufacturing operations of the Company's Medium Density Fibre Board Manufacturing Unit (MDF Plant) at Chikmagalur, Karnataka for approximately 45 days from October 09, 2021 on account of planned preventive maintenance activities to be undertaken thereat as well as to replace some of the major parts of the plant.

The turnover of the said Chikmagalur MDF Plant during last financial year (FY 2020-21) was Rs. 156 Crores which contributed approximately 46.5% of the total revenue from operations of the Company. Total revenue from operation of the Company during the FY 2020-21 was Rs. 335.44 Crores.

Shares of Rushil Decor Limited was last trading in BSE at Rs. 260.35 as compared to the previous close of Rs. 265.75. The total number of shares traded during the day was 1295 in over 101 trades.

The stock hit an intraday high of Rs. 266.00 and intraday low of 259.75. The net turnover during the day was Rs. 338848.00.

Source : Equity Bulls

Keywords

RushilDecor INE573K01017 MDFPlant Chikmagalur MaintenanceShutdown