Grasim may suspend production at Nagda unit

PTI Updated - June 02, 2011 at 02:44 PM.

Aditya Birla group firm Grasim Industries has said it may suspend staple fibre production at its Nagda plant in Madhya Pradesh from tomorrow due to water shortage.

“The company has to curtail production at its stable fibre plant located at Nagda and the said plant is likely to be closed from June 3, 2011 till the onset of monsoon,” Grasim Industries said in a filing to the Bombay Stock Exchange.

Apart from the Nagda plant, the company has two other staple fibre facilities at Kharach in Gujarat and Harihar in Karnataka. As per information available on the firm’s website, the total production capacity of the three plants currently stands at 3,33,975 tonnes per annum.

The company is, however, operating its two other staple fibre plants at their full capacity, it added.

Chlor alkali plant at Nagda has also curtailed the production at about 50 per cent of its rated capacity of 2.58 lakh tonnes per annum, the filing said.

Meanwhile, the shares of Grasim Industries were trading at Rs 2,288.70 in the afternoon trade on the Bombay Stock Exchange, down 1.68 per cent from the previous close.

Published on June 2, 2011 09:14