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Maithan Alloys gains on the local bourses

30 Jan 2012 Evaluate

Maithan Alloys is currently trading at Rs. 101.00, up by 0.05 points or 0.05% from its previous closing of Rs. 100.95 on the BSE.

The scrip opened at Rs. 99.50 and has touched a high and low of Rs. 101.00 and Rs. 99.25 respectively. So far 1345 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 157.00 on 16-Jun-2011 and a 52 week low of Rs. 79.00 on 20-Dec-2011.

Last one week high and low of the scrip stood at Rs. 105.45 and Rs. 93.65 respectively. The current market cap of the company is Rs. 145.56 crore.

The promoters holding in the company stood at 74.36% while Institutions and Non-Institutions held 0.22% and 25.42% respectively.

Maithan Alloys subsidiary - Anjaney Alloys has successfully commissioned two furnaces of 18 MVA each for manufacturing of ferro-alloys and thereby has concluded the first phase of the project. The commercial production has commenced and dispatches are currently in progress at the plant which is located at Andhra Pradesh Special Economic Zone at Atchutapuram near Vishakhapatnam in the Andhra Pradesh state.

Further, the second phase of the project of setting up another two furnaces of 18 MVA each for manufacturing of ferro-alloys is in full swing and is scheduled to be completed in the first quarter of 2012-2013.

Maithan Alloys manufactures various grades of ferro manganese, silico manganese and ferro silicon products. It derives 45% of revenues through exports to European and Asian countries. Maithan’s manufacturing units are located in Kalyaneshwari, West Bengal and Byrnihat, Meghalaya, with a combined ferro alloy capacity of 64 MVA, which can produce more than 115,600 MTPA.

Maithan Alloys Share Price

1022.00 5.05 (0.50%)
21-Apr-2026 12:24 View Price Chart
Peers
Company Name CMP
Indian Metal & Ferro 1499.15
Maithan Alloys 1022.00
Nava 692.50
Indsil Hydro Power 41.50
Shyam Century 5.66
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