Maithan Alloys Extends Byrnihat Unit Closure to September 30, 2025
Maithan Alloys Limited has extended the closure date of its Byrnihat Unit in Meghalaya from August 31, 2025, to September 30, 2025, due to pending orders. The initial decision to close was driven by adverse market conditions and increased power costs in Meghalaya. Despite challenges, the company reported strong Q1 FY2026 results with a 49% YoY increase in revenue and an 18% rise in net profit.
13Aug 25
Maithan Alloys Reports Robust Q1 Performance with 18% Net Profit Growth
Maithan Alloys Limited, a leading ferro alloy producer, reported impressive Q1 financial results. Net profit increased by 18% to ₹541.99 crore, while revenue from operations surged 49% to ₹653.72 crore. EBITDA more than doubled to ₹505.00 crore, with the EBITDA margin improving to 7.72%. The Ferro Alloys segment generated ₹631.31 crore in revenue with ₹69.87 crore in segment results. The company is extending the closure date of its Byrnihat Unit and exploring opportunities in agriculture and food processing through new subsidiaries.
25Jul 25
Maithan Alloys Expands into Agriculture and Real Estate with New Subsidiary
Maithan Alloys Limited has incorporated a new wholly-owned subsidiary, Maithan Nutrition Private Limited, to venture into agricultural activities, food processing, and real estate. The subsidiary has an authorized capital of Rs. 0.15 crore, with Maithan Alloys holding 100% shareholding. The Certificate of Incorporation was issued on July 25, 2025. The new entity is yet to commence operations and has no previous turnover history.
30Jun 25
Maithan Alloys to Shutter Byrnihat Unit in Meghalaya by 2025
Maithan Alloys Ltd. has announced plans to indefinitely close its Byrnihat unit in Meghalaya from August 31, 2025. The decision is attributed to poor market conditions and rising electricity costs. This closure is expected to impact the company's production capacity and may have implications for its financial performance and market position in the ferro alloys industry.
28May 25
Maithan Alloys Reports Reduced Q4 Net Loss, Revenue Edges Up
Maithan Alloys Ltd., a leading Indian ferro alloys producer, reported a net loss of ₹66.20 crore in Q4, a 51.68% improvement from the ₹137.00 crore loss in the same quarter last year. Revenue increased slightly by 1.62% to ₹440.00 crore. The company's EBITDA decreased by 44.61% to ₹126.50 crore compared to the previous quarter. Despite challenges, sales grew by 14.41% to ₹531.10 crore, indicating potential market recovery.
28Mar 25
Maithan Alloys Completes Acquisition of 100,000 NSE Shares
Maithan Alloys Limited has completed its acquisition of 100,000 equity shares of the National Stock Exchange of India Limited (NSE) for Rs. 15.75 crore. The transaction, initially announced in December 2024, was finalized on March 26, 2025, following NSE's approval. The company received credit for the shares on March 27, 2025. This acquisition represents a significant investment in one of India's leading stock exchanges, potentially strengthening Maithan Alloys' position in the financial markets.
27Mar 25
Maithan Alloys Completes Acquisition of 100,000 NSE Shares
Maithan Alloys Limited has finalized its acquisition of 100,000 shares of the National Stock Exchange of India Limited (NSE) for Rs. 15.75 crore. The transaction, initially announced in December 2024, was completed on March 26, 2025, following NSE's in-principle approval. Maithan Alloys received confirmation of the share credit on March 27, 2025.
12Mar 25
Maithan Alloys Resumes Operations at Byrnihat Unit Following Pollution Board Clearance
Maithan Alloys Limited has restarted operations at its Byrnihat unit in Meghalaya on March 11, 2025, following the revocation of a 'Notice of Closure' by the Meghalaya State Pollution Control Board. Both furnaces were switched on immediately, with full production expected to resume within a week. The unit had been temporarily closed since February 6, 2025, due to environmental compliance issues.
11Mar 25
Maithan Alloys Resumes Operations at Byrnihat Unit Following Regulatory Clearance
Maithan Alloys Limited has restarted operations at its Byrnihat unit in Meghalaya on March 11, 2025, following the revocation of a closure notice by the Meghalaya State Pollution Control Board. Both furnaces were switched on at 12:44 PM, with production expected to resume next week and gradually scale up. This comes after a temporary closure initiated on February 6, 2025, due to a notice from the MSPCB.