Everest Industries withdraws Rs 125 Cr Andhra Pradesh plant plan

Deal CancelledStrategic Transactions View source PDF

EVERESTIND · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-0.6%1-day move

₹493.40

prior close

₹485.00

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

-0.6———-0.6-5.2-2.1-0.3+4.4+4.4+10.4———

Up moveDown movePending

AI summary

Everest Industries subsidiary ESBPL is withdrawing its Rs 125 Crore plan to set up a Pre Engineered Steel Buildings manufacturing plant in Andhra Pradesh. Only Rs 2.91 Crores spent on land will be surrendered back to APIIC. Company says the decision will not adversely impact financials, taken due to business considerations after feasibility review.

Likely market impact

Minor impact as only Rs 2.91 Crores already spent will be returned; company confirms no adverse financial effect.