FACOR Alloys Ltd shuts down 3 furnaces temporarily

FACOR Alloys Ltd has announced that the Plant operations of the Company situated at SHREERAMNAGAR535 101, Dist. Vizianagaram, (A.P.) wherein total no. of 6 furnaces have been in operation, 3 furnaces which are under conversion agreement and assigned to M/s Rajadhiraj Tirupani Vinayak Natraj Private Ltd. (RTVNPL) have been under temporary shutdown w.e.f. 13.10.2022 initially for the period of two months, in view of the adverse market conditions as informed by the RTVNPL.

The matter is under discussion with RTVNPL officials and we will announce any further update in this regard.

Shares of FACOR ALLOYS LTD. was last trading in BSE at Rs. 7.04 as compared to the previous close of Rs. 7.13. The total number of shares traded during the day was 224912 in over 893 trades.

The stock hit an intraday high of Rs. 7.34 and intraday low of 7.00. The net turnover during the day was Rs. 1595181.00.

Source : Equity Bulls

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FACORALLOYS INE828G01013 TemporaryShutdown