Announced Sat, 27 Jun · 19:36 IST
Sri Chakra Cement halts manufacturing over working capital crunch
Capex & Operations View source PDF
Price
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Price reaction · full curve 14 horizons · vs prior close
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₹42.31
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AI summary
Sri Chakra Cement has temporarily suspended all manufacturing at its Karampudi plant in Andhra Pradesh from 27 June 2026 due to acute working capital constraints. The plant accounts for 100% of operations, with an estimated revenue impact of around Rs 130 crore per annum. The company is pursuing funding and restructuring options to resume operations, but no restart timeline is given. Assets are insured for Rs 151.50 crore.
Likely market impact
Complete shutdown of sole plant due to financial distress. Negative for shareholders; restart uncertain pending working capital infusion.