Hind Rectifiers Limited starts operation at Nashik plant with 50% capacity

Hind Rectifiers Limited has announced that it continues to follow the guidance / directives issued by the Central Government / State Government / Municipal Authorities / Local Government Offices and other Regulatory Authorities and the Company has been taking a series of measures to ensure safety and health of all its employees.

In view of the SOP announced by the Maharashtra Government for break the chain and section 144 of the CrPC in the entire Maharashtra, the operations of the Nashik plant have started with around 50% capacity w.e.f. 15th April 2021. The Company intends to start Mumbai plant in a day or two with approx 50 percent capacity. The company is also exploring various possibilities for improving capacity utilization.

Under the circumstances, the overall adverse impact on the operations of the Company would not be immediately assessable. The executive employees of the Company have been instructed to work from home as per the Government and regulatory directives. The safety and well-being of the employees remain its top priority in these uncertain times.

The Company also recognizes that the situation is evolving rapidly and the Company will continue to closely monitor the situation and take appropriate action as per the directions issued by regulatory authorities from time to time.

Shares of HIND RECTIFIERS LTD. was last trading in BSE at Rs.121.35 as compared to the previous close of Rs. 123.4. The total number of shares traded during the day was 1089 in over 39 trades.

The stock hit an intraday high of Rs. 124.15 and intraday low of 121.05. The net turnover during the day was Rs. 133157.

Source : Equity Bulls

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