SH Kelkar temporarily suspends factory operations at Mahad Unit; Stock rises 3%

The factory operations at the Unit are likely to remain suspended for about 3 weeks, the company said.

Jul 30, 2021 02:07 IST India Infoline News Service

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SH Kelkar Company Limited has temporarily suspended factory operations at Keva’s Mahad Unit due to unprecedented rains in the Raigad District of Maharashtra including Mahad causing flooding as also a major power outages in and around Mahad.

“The extent of damage is being assessed. While the factory operations at the Unit are likely to remain suspended for about 3 weeks, we are taking the necessary steps to resume the operations at the earliest after taking into consideration the safety norms.

In the meanwhile, a business continuity plan has been put in action and we are ensuring that we continue to cater to the customers’ demands without any major disturbance,” company said in a filing on Thursday.

Ata round 2.54 PM, SH Kelkar Company Limited was trading at Rs168.60 per piece up Rs5.05 or 3.09% on the BSE. 

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