Maithan Alloys has cut the production at the Kalyaneshwari Plant by 15% with effect from October 31, 2016 due to adverse market conditions. The production at the plant is likely to be cut further in the near future.
Between July and October 2016, the cost of Imported Manganese Ore, which accounts for the major cost of production has increased by 200%, Imported Coke by 80%, whereas the sales price of Silico Manganese, the finished product, has increased only by 30%.
Maithan Alloys is engaged in the manufacturing of ferro alloys, having an installed capacity of 136 MVA at three locations i.e. 49 MVA at Kalyaneshwari, West Bengal and 15 MVA at Ri-Bhoi, Meghalaya and 72 MVA at Visakhapatnam, Andhra Pradesh. MAL is also engaged in the trading of metal & mineral products and wind power operation.
