Business Update30 Jun 2025, 12:56 pm
Maithan Alloys Ltd to Shutdown Production at Byrnihat Unit from 2025
AI Summary
Maithan Alloys Ltd has announced its decision to fully shut down production at its Byrnihat Unit in Meghalaya from 31st August, 2025. The decision comes due to adverse market conditions and a steep increase in power cost in the State of Meghalaya. The Byrnihat Unit contributed 6.12% to the company's turnover and 8.16% to its net worth in FY 2024-25. The unit's closure is expected to have a significant impact on the company's financial performance.
Key Highlights
- Maithan Alloys Ltd to shut down Byrnihat Unit from 2025
- Adverse market conditions and steep power cost in Meghalaya cited as reasons
- Byrnihat Unit contributed 6.12% to company's turnover and 8.16% to net worth in FY 2024-25