Aksharchem (India) stops vinyl sulphone production at Mehsana district; Stock down 1.5%

24 Nov 2022 , 11:08 AM

Aksharchem (India) Limited has informed to the exchanges regarding stoppage of production of Vinyl Sulphone at village Indrad of Mehsana district.

In a regulatory filing, the company informed that the VS plant is due for maintenance since last maintenance was taken five years before.

Considering above and also ongoing prevailing adverse market condition in the recent months the Company has decided to take planned maintenance and stop the production of VS with immediate effect.

However dispatch operations of the Company remain “as usual” and we foresee that in near future the market conditions will become favorable and the production of VS get resumed.

At around 11:19 AM, AksharChem (India) Ltd is currently trading at Rs311.75 per share down by Rs5.15 or 1.63% from its previous closing of Rs316.90 per share on the BSE.

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