Shah Alloys
66.01
+0.37(+0.56%)
Market Cap₹130.68 Cr
PE Ratio3.05
Company Performance:
1D+0.56%
1M+5.58%
6M+17.64%
1Y+36.08%
5Y+798.10%
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More news about Shah Alloys
22Jul 25
Shah Alloys Limited to Shutter Entire Iron and Steel Plant in Gujarat, Citing Losses and Obsolescence
Shah Alloys Limited has approved the closure of its Iron and Steel Plant in Santej, Gujarat, within one month. The plant, contributing 100% of the company's revenue (Rs 26,728.00 lakh), reported a loss after tax of Rs 2,729.00 lakh. Reasons for closure include lack of competitiveness, technological obsolescence, sustained losses, and cost ineffectiveness. The company plans to explore new alternatives post-shutdown.
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22Jul 25
Shah Alloys to Shutter Entire Iron and Steel Plant in Gujarat, Citing Losses and Obsolescence
Shah Alloys Limited has decided to close its Iron and Steel Plant operations in Santej, Gujarat. The plant, which contributed 100% of the company's revenue, will be shut down within a month. The closure comes after persistent financial challenges, with the company reporting a loss after tax of Rs 2,729.00 lakh. Reasons cited include lack of competitiveness, technological obsolescence, unrecoverable production costs, and prolonged losses. The company plans to explore new opportunities post-closure.
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22Jul 25
Shah Alloys to Shutter Entire Iron and Steel Plant in Gujarat, Citing Losses and Obsolescence
Shah Alloys Limited has decided to close its entire Iron and Steel Plant operations in Santej, Gujarat. The closure, expected to be completed within a month, will impact 100% of the company's operations. The plant generated revenue of Rs 26,728.00 lakh but incurred a loss after tax of Rs 2,729.00 lakh. Reasons for closure include lack of competitiveness, technological obsolescence, continuous losses, and cost ineffectiveness. The company plans to explore new alternatives for future benefit.
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Shah Alloys
66.01
+0.37
(+0.56%)
1 Year Returns:+36.08%
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