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| Exchange Disseminated Time 25/02/2016 15:43:50 | Ankit Metal & Power Ltd has informed BSE that the Company's Factory at Jorehira, Chattna, Bankura, West Bengal is under temporary suspension of work till further notice. The Suspension of work is mainly on account of the following reasons:
1. Depressed domestic and global market conditions in Steel Industry causing huge & unbearable losses to the Company;
2. Exhaustion of water supply sources. Water is a critical element in Steel Industry;
3. Excess manpower causing high operating costs. |
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