Impex Metal & Ferro Alloys Ltd shuts down 50% capacity

Impex Metal & Ferro Alloys Limited (a wholly owned subsidiary of the Company) has switched-off one of its furnace with effect from 1st January, 2023 for indefinite period due to steep increase in power cost.

The production of ferro alloys of Impex Metal & Ferro Alloys Limited is expected to be reduced by atleast 50% w.e.f. 1st January, 2023.

Shares of Maithan Alloys Limited was last trading in BSE at Rs. 1059.60 as compared to the previous close of Rs. 1011.60. The total number of shares traded during the day was 15678 in over 2045 trades.

The stock hit an intraday high of Rs. 1070.00 and intraday low of 1012.65. The net turnover during the day was Rs. 16479152.00.

Source : Equity Bulls

Keywords

MaithanAlloys INE683C01011 ImpexMetalandFerroAlloys Furnace SwitchOff