Maithan Alloys resumes full capacity operations at Vishakhapatnam unit

19 May 2022 , 10:14 AM

Maithan Alloys Ltd earlier intimated to the exchanges regarding power cut at company’s Vishakhapatnam unit in the State of Andhra Pradesh imposed by the Andhra Pradesh Electricity Regulatory Commission (APERC).

In this connection, the Company has informed that all the pharma and ferro alloys producers have been permitted by APEPDCL to draw full load w.e.f. May 18, 2022. As such Maithan Alloys is now operating at full capacity.

Further, the wholly-owned subsidiary of the Company, namely Impex Metal and Ferro Alloys Limited, is also now operating to capacity, said company in a regulatory filing.

At around 10:21 AM, Maithan Alloys was trading at Rs1,113.30 apiece down by Rs4.05 or 0.36% from its previous closing of Rs1,117.35 apiece on the BSE.