Maithan Alloys Limited has informed the Exchange about switching-on of furnace by Impex Metal & Ferro Alloys Ltd. (a wholly owned subsidiary of the Company).
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Maithan Alloys has informed the exchange that its wholly owned subsidiary, Impex Metal & Ferro Alloys Ltd., has switched on a furnace. This marks the resumption or commencement of production activity at the subsidiary's plant. As this is a wholly owned subsidiary, the financial impact will be consolidated in Maithan Alloys' results. No specific capacity or financial details were disclosed in the filing.
This is a positive operational update signalling renewed production activity, which could support future revenue and earnings for Maithan Alloys. Investors should watch for further disclosures on capacity, production timelines, and contribution to consolidated financials.