Maithan Alloys has informed that Impex Metal & Ferro Alloys (a wholly owned subsidiary of the Company) has switched-off one of its furnace with effect from 1st January, 2023 for indefinite period, due to steep increase in power cost. The production of ferro alloys of Impex Metal & Ferro Alloys is expected to be reduced by atleast 50% with effect from 1st January, 2023.
The above information is a part of company’s filings submitted to BSE.