NAVA Ltd updates on shutdown of Ferro Alloy Plant

The Board of directors of NAVA Ltd has noted the shutdown of Ferro alloy plant (FAP) (Furnace - 1 & 2) for scheduled maintenance and switch over of production from Ferro Chrome to Silico Manganese at Dhenkanal, Odisha with immediate effect for about 25 to 30 days. The 30 MW captive power plant at Dhenkanal, Odisha, will be taken up for annual maintenance for about 45 days while the 60 MW CPP will be operational partially attending to a part of power requirement of Manganese Alloy unit in Telangana through Open Access.

Shares of Nava Limited was last trading in BSE at Rs. 190.85 as compared to the previous close of Rs. 201.30. The total number of shares traded during the day was 194878 in over 4165 trades.

The stock hit an intraday high of Rs. 207.05 and intraday low of 189.10. The net turnover during the day was Rs. 38360050.00.

Source : Equity Bulls

Keywords

Nava INE725A01022 FerroAlloyPlant Maintenance FerroChrome SilicoManganese Odisha