Indsil Hydro Power and Manganese' profitability to get impacted by additional electricity duty; Stock rises

13 Apr 2022 , 10:33 AM

Indsil Hydro Power & Manganese Ltd has informed that the Government of Andhra Pradesh has levied an additional electricity duty of 94 paise per kwhr with immediate effect.

As per regulatory filing, this will impact the profitability of the Company’s Vizianagaram smelter, said company on Tuesday.

On Wednesday at around 10:36 AM, Indsil Hydro Power & Manganese was trading at Rs98.05 apiece up by Rs0.65 or 0.67% from its previous closing of Rs97.40 apiece on the BSE.

The scrip opened at Rs99.35 and has touched a high and low of Rs99.60 and Rs97.05 respectively so far during early trading deals on Wednesday.