Consequent upon sudden suspension of the mining work at Ferro Alloys Corporation Ltd's Ostapal Chromite Mines and Kaiarangiatta Chromite Mines due to additional payment sought by the Contractor beyond the terms of the contract, there is stoppage of the mining operations at the above mines. Alternative arrangements are being made to resume the work at the earliest. The Company have adequate ore to ensure continued production of Ferro-Chrome for the present.
Shares of FERRO ALLOYS CORPORATION LTD. was last trading in BSE at Rs.4.19 as compared to the previous close of Rs. 4.18. The total number of shares traded during the day was 29785 in over 63 trades.
The stock hit an intraday high of Rs. 4.25 and intraday low of 4.11. The net turnover during the day was Rs. 125073.