Maithan Alloys Shuts Byrnihat Unit Amid Power Cost Surge—Impact Limited to 4.4% of Revenue

Maithan Alloys Shuts Byrnihat Unit Amid Power Cost Surge—Impact Limited to 4.4% of Revenue

Maithan Alloys Ltd has announced the temporary closure of its Byrnihat production unit in Meghalaya, citing adverse market conditions and a sharp rise in power costs. The company clarified that the Byrnihat facility contributes only 4.41% to its total revenue, suggesting a minimal impact on overall operations.

 

The decision comes as part of a broader cost-optimization strategy, with the company closely monitoring input costs and market demand. While no timeline has been provided for resumption, Maithan Alloys emphasized that its core operations remain unaffected, and it continues to fulfill orders from its other facilities.

 

This move reflects the growing pressure on energy-intensive industries amid volatile power tariffs and regional supply constraints. Analysts believe the impact on the company’s financials will be marginal, given the unit’s limited revenue share.

 

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Source: Moneycontrol – Maithan Alloys Ltd Overview