Maithan Alloys Limited has informed the Exchange about Closure of operations - update
MAITHANALL · price
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Maithan Alloys has pushed back the closure of its Byrnihat Unit in Meghalaya from the earlier announced date of 31st August 2025 to 30th September 2025. The original decision was to halt production indefinitely due to adverse market conditions and a sharp rise in power costs in Meghalaya. The Board has now extended the effective date because some orders are still pending and need to be completed. The Board meeting on 13th August 2025 approved this extension.
The plant was already slated for indefinite shutdown, so the extension is largely procedural to clear pending orders rather than a new negative event. However, it confirms that one of the company's three units will remain non-operational, which may weigh on production volumes and revenue in the near term.