Saurashtra Cement slips on temporarily suspending operations at Gotan Plant

6 Sep 2022 , 12:14 PM

The company said that due to the high stocks of finished goods inventory at the Gotan Plant (Paints Division), the production at the said factory has been suspended temporarily and with immediate effect. However, the dispatches shall continue from the said factory, it added. ?The Gotan Factory operations shall be reviewed comprehensively by 30 September 2022 and accordingly, the further course of action shall be informed,? the cement maker said in a statement. Saurashtra Cement is the Indian arm of the Mehta Group that markets cement under the brand name HATHI. The company manufacturers portland pozzolana cement (PPC), ordinary portland cement (OPC 53 grade) types of cement and clinker. The company reported a consolidated net loss of Rs 1.02 crore in the quarter ended June 2022 as against net profit of Rs 12.89 crore during the previous quarter ended June 2021. Sales rose 30.03% to Rs 214.54 crore in Q1 FY23 over Q1 FY22. Powered by Capital Market – Live News