Astron Paper Mill cuts down production at Halvad Plant in Gujarat; stock slides ~1%

22 Jul 2022 , 12:42 PM

Astron Paper & Board Mills Limited informed that it will reduce production quantity at the plant located in Halvad, Gujarat (Unit 1), due to boiler modification and new upgraded turbine installation.

Shifting/Levelling, Alignment, Grouting, Curing, Interconnecting, Flushing, reassembling, instrumentation and electrical work, steam inlet and blowing, Oil Flushing, Voltage Built Up, Power Generation are all part of the boiler modification and new upgraded turbine installation process.

This process will lower the company’s fuel costs and assist it in maintaining a cleaner environment.

Full operations at Unit-1 Halvad in Gujarat will begin once the boiler modification and newly upgraded turbine installation are completed, ideally by September 15, 2022.

Astron Paper is currently trading at Rs38.25 down by Rs0.45 or 1.16% from its previous closing of Rs38.70 on the BSE. The scrip touched intraday high and low of Rs39.10 and Rs38.10 respectively.