Acrysil shares up ~2% after scaling up operations

On April 14 the company had resumed partial operations at its Bhavnagar factory.

May 12, 2020 11:05 IST India Infoline News Service

stock market
After a negative start, Acrysil Limited shares picked up by ~2%. The company had informed the BSE Tuesday about scaling up of plant operations. The company had closed operations since March 24, 2020, due to countrywide lockdown to prevent Covid-19 spread. On April 14 the company had resumed partial operations at its Bhavnagar factory.

Acrysil Ltd is currently trading at Rs62.50, up by Rs1.15 or 1.87% from its previous closing of Rs61.35 on the BSE.

“We are operating in 3 shifts at our plant and our capacity utilization is around 70%. We are observing full compliance to the conditions of operations as stipulated in the permission to avoid any infection due to COVID-19,” a company release said.

The company informed about not facing any migrant labour issue as most of our labourers are from local villages; and domestic dispatches in few territories have resumed.

“We expect domestic dispatches to improve gradually as and when the market will start opening,” it added.

Related Story