In the wake of prevailing conditions globally due to outburst of Corona Virus (COVID-2019) & considering the gravity of the situation and adhering to imposition of Section 144 of the Code of Criminal Procedure Code 1973 by the Hon'ble Chief Minister of Maharashtra Govt. Mr Uddhav Thackeray, we are temporarily suspending the production activity of Aurangabad and Mehsana plant until March 31, 2020.
As a responsible business, Morganite Crucible is committed to protect health and well being of their employees and community whilst ensuring to safeguard the its business continuity and would like to give you updates about the business -
- As on March 21, 2020, the Company has achieved 75% of its targeted sales of the March-2020 month of Aurangabad and Mehsana Plant and the remaining is deferred until next month when situation improves.
- The expansion activity of Project Avatar Phase - II of the Aurangabad plant is on hold until March 31, 2020 or such extended period as per regulatory guidance.
- The employees of the Company are advised to follow 'Work from Home' policy until further directions.
- The security personnel, Maintenance Dept. and Information Technology Dept. employees are advised to closely monitor the situation of the plant by maintaining safe distance among the employees and to avoid the gathering.
Shares of MORGANITE CRUCIBLE (INDIA) LTD. was last trading in BSE at Rs.1524 as compared to the previous close of Rs. 1291.6. The total number of shares traded during the day was 1589 in over 117 trades.
The stock hit an intraday high of Rs. 1549.9 and intraday low of 1281. The net turnover during the day was Rs. 2321375.