Impex Metal and Ferro Alloys Ltd to fully close down production due to steep increase in power tariff

Impex Metal & Ferro Alloys Limited (a wholly owned subsidiary of Maithan Alloys Limited) switched-off one of its furnace with effect from 1st January, 2023 for indefinite period, due to steep increase in power cost.

Impex Metal & Ferro Alloys Limited proposes to fully close down its production by the end of April-2023 for indefinite period, due to a further steep increase in power tariff.

Shares of Maithan Alloys Limited was last trading in BSE at Rs. 847.95 as compared to the previous close of Rs. 856.55. The total number of shares traded during the day was 2372 in over 340 trades.

The stock hit an intraday high of Rs. 858.50 and intraday low of 841.55. The net turnover during the day was Rs. 2008192.00.

Source : Equity Bulls

Keywords

MaithanAlloys INE683C01011 ImpexMetalandFerroAlloys Closure Production PowerTariffHike