Business Update1 Feb 2025, 07:49 pm
MAITHAN ALLOYS LTD. to Increase Production Capacity to 60% from February 2025
AI Summary
MAITHAN ALLOYS LTD. had to cut production by 50% at its Kalyaneshwari Unit due to adverse market conditions since 1st August 2024. The company is now expected to operate at 60% capacity from 1st February 2025. This information is provided as per Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), Regulations, 2015 and Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11th November, 2024 of Securities and Exchange Board of India.
Key Highlights
- Production cut of 50% at Kalyaneshwari Unit since 1st August, 2024
- Expected to operate at 60% capacity from 1st February, 2025
- Adverse market conditions led to production cut
- Information provided as per SEBI regulations and master circular