Shiva Mills suspends operations in Spinning Unit due to Covid-19 spread; Stock slips ~5%

The company is adhering to the directives of the Government of Tamil Nadu.

May 24, 2021 09:05 IST India Infoline News Service

Shiva Cement
Shiva Mills Limited has suspended the operations in the Spinning Unit of the company from the end of May 23, 2021, to contain the spread of Covid-19.

“In view of the Covid-19 pandemic and in line with various directives being issued by the Government of Tamil Nadu, the company has been taking measures to ensure safety and health of all its stakeholders including employees."

"In compliance of the G.O (Ms) Dated May 22, 2021, issued by the Government of Tamil Nadu, we would like to inform you that the Management has decided to suspend the operations in Spinning Unit of the company from the end of May 23, 2021, till further notice,” the company said in a filing on Sunday.

Ata round 9.46 AM, Shiva Mills Limited was trading at Rs56.80 per piece down Rs2.80 or 4.70% on the BSE.

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