Maithan Alloys Limited has informed the Exchange about Closure of production at Byrnihat Unit of the Company
MAITHANALL · price
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Maithan Alloys has fully suspended production at its Byrnihat Unit in Meghalaya from 22nd September 2025 for an indefinite period. The decision is driven by adverse market conditions and a steep rise in power costs in Meghalaya. The company had previously flagged this proposed closure in letters dated 30th June 2025 and 13th August 2025. Maithan Alloys operates three units, with the other two located in West Bengal and Andhra Pradesh.
An indefinite shutdown means loss of revenue and production volume from this unit, which could weigh on short-term earnings. However, the move appears to be a cost-control decision to avoid losses from unviable operations, which may protect overall profitability in the long run.