Maithan Alloys Limited announced its proposal to fully shut down production at its Byrnihat Unit in Meghalaya from 31st August, 2025 onwards for an indefinite period.
The decision is driven by adverse market conditions and a steep increase in power costs in the State of Meghalaya.
For the financial year 2024-25, the Byrnihat Unit contributed:
Turnover: ₹111.29 Crore, representing 6.12% of the company's total turnover of ₹1819.66 Crore.
Other Income: ₹0.88 Crore, which is 0.12% of the company's total other income of ₹726.67 Crore.
Total Revenue: ₹112.17 Crore, contributing 4.41% to the company's total revenue of ₹2540.33 Crore.
Net Worth: ₹300.76 Crore, accounting for 8.16% of the company's total net worth of ₹3684.59 Crore.