India's Maithan Alloys falls after indefinite shutdown of Byrnihat plant

Maithan Alloys

22/09/2025 10:49

** Shares of Maithan Alloys Ltd MAIT.NS fall 2.1% to 1,146.2 rupees

** Manganese alloys maker says it has suspended production at Byrnihat unit from September 22 for indefinite period due to adverse market conditions, steep increase in power cost in Meghalaya

** Stock on track to fall for second session

** More than 30,000 shares traded as of 3:11 p.m. IST, nearly their 30-day moving avg. of 36,975 shares

** MAIT up 4.6% YTD

 (Reporting by Meenakshi Maidas in Bengaluru)

 ((meenakshi.maidas@thomsonreuters.com;))