Satia Industries Limited has informed the Exchange about General Updates -Intimation regarding temporary shutdown of paper machine -3 (PM_3) for upgradation, modernization
SATIA · price
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Satia Industries Limited has announced a temporary shutdown of Paper Machine-3 (PM-3) at its factory in Rupana, Muktsar, Punjab, for approximately five months. The shutdown is for upgradation and modernisation of the machine. The company clarified that all other paper machines and plant operations will continue as usual during this period. The company will notify the stock exchanges once PM-3 operations resume after the upgrade.
The temporary shutdown of one machine out of multiple machines should have a limited impact on overall production, as other machines continue operating. However, investors should monitor the timeline as any delay in the upgradation could affect near-term revenue.