Facor Alloys curtails plant operations due to load restriction by APEPDCL

12 Apr 2022 , 09:17 AM

Facor Alloys Ltd stocks in focus after announcement of temporary curtailment in the manufacturing facilities due to 50% load restriction imposed by discom in view of the shortage of power.

As per regulatory filing, the company informed that the manufacturing facilities at the Plant operation of the Company situated at SHREERAMNAGAR-535 101, Dist. Vizianagaram, (A.P.) are being under temporary curtailment by upto 50%, due to imposition of 50% load restriction by ‘Andhra Pradesh Eastern Power Distribution Company Ltd.’ (APEPDCL) till further notice, in view of the rise in demand and shortage of power in the State of Andhra Pradesh.

At around 9:17 AM, Facor Alloys was trading at Rs8.48 per piece higher by 2.05% on Sensex.