Temporary reduction in dispatches of Cement from Bhavya Cements Pvt Ltd

Due to a recent reduction in transport freight costs and the prevailing local conditions in and around Bhavya Cements Private Limited, Subsidiary of Anjani Portland Cement Limited, including village and road conditions, the transporters are unwilling to operate in the area and move cement. As a result, there have been no dispatches from Bhavya Cements Private Limited plant for around 25 days. The management is actively exploring all possible measures to resume operations at the earliest. In the meantime, most of the volume lost from Bhavya Cements Private Limited has been compensated by the Company through increased dispatches from its plant, as both the companies operate in a few common markets.

It is to be noted that above temporary reduction in dispatches from Bhavya Cements Private Limited plant does not have any material and adverse effect on operations of the Company.

Shares of Anjani Portland Cement Limited was last trading in BSE at Rs. 99.30 as compared to the previous close of Rs. 97.90. The total number of shares traded during the day was 13918 in over 633 trades.

The stock hit an intraday high of Rs. 105.00 and intraday low of 97.00. The net turnover during the day was Rs. 1398736.00.

Source : Equity Bulls

Keywords

AnjaniPortlandCement INE071F01012 APCL BhavaCements Dispatches Disruption