Maithan Alloys to shut down Byrnihat unit in Meghalaya from Aug 31

Kolkata, Jun 30: Maithan Alloys Ltd on Monday announced the closure of its Byrnihat unit in Meghalaya from August 31, citing adverse market conditions and a sharp increase in power costs in the northeastern state.

In a regulatory filing, the company said the closure would be for an “indefinite period”.

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The Byrnihat unit contributed 6.12 per cent to its total turnover and 8.16 per cent to net worth in the 2024-25 fiscal. The total revenue stood at Rs 112.17 crore in the last fiscal, the company said.

Maithan Alloys operates three manufacturing units — West Bengal, Meghalaya and Andhra Pradesh. The company is a leading producer of manganese and ferro alloys used in steel manufacturing.(PTI)

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