Announced Fri, 3 Jul · 21:51 IST
Subsidiary EBPL withdraws Rs 138 cr Assam plant CAPEX
EVERESTIND · price
▲ 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 EBPL is withdrawing its earlier approved Rs 138 crore plan to set up a Fibre Cement Boards plant at Matia, Goalpara, Assam. Around Rs 10.90 crore already spent on land will be surrendered back to the state agency AIDC. The subsidiary board cited business considerations after re-assessing feasibility. Management says the move will not hurt the company financials.
Likely market impact
Neutral to mildly positive. Avoids risky new plant spend; the Rs 10.90 cr land cost will be recovered. No negative financial impact flagged.