Panyam Cements Announces Temporary Plant Shutdown for Major Maintenance

Panyam Cements and Mineral Industries Limited has announced a temporary shutdown of its manufacturing activities at its cement plant starting March 22, 2025. The company will be undertaking major maintenance activities during this period. This decision comes after the plant's recent refurbishment and resumption of operations, which had led to improved production and sales figures. In the first half of the 2024-25 financial year, Panyam Cements achieved sales of 169,360 metric tons, generating Rs. 83.71 crores in revenue. The temporary shutdown is likely aimed at ensuring the plant's long-term efficiency and aligning with the company's commitment to delivering high-quality products. The duration of the maintenance activities has not been specified.

 

Source: Compiled from recent company announcements and financial reports