Shivalik Bimetal Controls Ltd addresses recent Landslides in Solan, confirms Operational Normalcy

Shivalik Bimetal Controls Ltd. clarified concerns over recent landslides near its Solan plant. The Company confirmed that these events caused no damage to facilities, operations, or supply chain that continued unaffected.

Mr. Rajeev Ranjan, CFO, stated, "Despite these unfortunate events around our vicinity, our operations in Solan continue as normal. We are closely monitoring the weather conditions, and are taking contingency steps at the plant to ensure the safety and health of our employees."

Shivalik Bimetal Controls Ltd. reassures stakeholders of continued high-quality product delivery and operational resilience. We express solidarity with affected local communities and will closely monitor the situation in collaboration with local authorities.

Shares of SHIVALIK BIMETAL CONTROLS LTD. was last trading in BSE at Rs. 672.45 as compared to the previous close of Rs. 681.50. The total number of shares traded during the day was 15398 in over 684 trades.

The stock hit an intraday high of Rs. 686.15 and intraday low of 662.55. The net turnover during the day was Rs. 10391013.00.

Source : Equity Bulls

Keywords

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