Graphite India shuts operations in IGE division Nashik until May 23

The Company does not expect any material impact on account of this temporary shutdown in the IGE division.

May 12, 2021 03:05 IST India Infoline News Service

Graphite
Graphite India Limited has decided to keep operations in the IGE division in Ambad, Nashik shut from 12 am on May 12, 2021, till midnight of May 23, 2021.

“Pursuant to the order dated May 10, 2021, from District Disaster Management, Collector Office, Nashik directing certain measures to prevent the spread of the coronavirus and to break the chain of persons being affected, the Company has decided to keep operations in the IGE division in Ambad, Nashik shut from 12 am on May 12, 2021 till midnight of May 23, 2021.

The company further said that these are temporary measures and the position will be reviewed as per the evolving situation and in compliance with government guideline. The Company does not expect any material impact on account of this temporary shutdown in the IGE division.

Graphite India Ltd ended at Rs744 per piece down by Rs29.2 or 3.78% from its previous closing of Rs773.20 on the BSE.

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