Maithan Alloys Limited to cut production at Kalyaneshwari Unit from Aug 1, 2024

Due to adverse market conditions, a production cut is being undertaken at Kalyaneshwari Unit of Maithan Alloys Limited with effect from 1st August, 2024 onwards.

The production capacity at Kalyaneshwari Unit of the Company is 94600 TPA and is expected to be reduced by about 50%.

There is no insurance cover for the loss of production.

Shares of Maithan Alloys Limited was last trading in BSE at Rs. 1154.55 as compared to the previous close of Rs. 1148.60. The total number of shares traded during the day was 2591 in over 469 trades.

The stock hit an intraday high of Rs. 1163.60 and intraday low of 1130.05. The net turnover during the day was Rs. 2988305.00.

Source : Equity Bulls

Keywords

MaithanAlloys INE683C01011 ProductionCut KalyaneshwariUnit