The Manufacturing operations at Sarlaflex, (USA) the wholly owned subsidiary of Sarla Performance Fibers Limited, has been shut down temporarily due to low capacity utilization. During the closure period various annual maintenance and inspection activities shall be carried out. The company is working on various options for its US subsidiary to make it profitable which includes entering into partnership / strategic alliance.
The company's Indian business continues to be robust and enjoys strong cash flow, net cash position at the consolidated level as as September 30, 2017.
Shares of SARLA PERFORMANCE FIBERS LTD. was last trading in BSE at Rs.51.15 as compared to the previous close of Rs. 52.05. The total number of shares traded during the day was 29481 in over 287 trades.
The stock hit an intraday high of Rs. 54.4 and intraday low of 50.2. The net turnover during the day was Rs. 1506283.