Latest news with #MaithanAlloys
Business Upturn
03-07-2025
- Business
- Business Upturn
Maithan Alloys acquires stake in GAIL India worth Rs 10.55 crore
By Aditya Bhagchandani Published on July 3, 2025, 10:59 IST Maithan Alloys Limited has disclosed that it acquired 5.55 lakh equity shares of GAIL (India) Limited, amounting to 0.017% stake, in a stock exchange transaction on July 2, 2025, for a total consideration of ₹10.55 crore. In a filing to stock exchanges under Regulation 30 of SEBI (LODR) Regulations, Maithan Alloys stated that the acquisition forms part of its investment portfolio, aimed at reaping long-term and short-term benefits. The company clarified it does not intend to acquire control over GAIL, directly or indirectly. GAIL, India's largest state-owned natural gas processing and distribution company, reported a turnover of ₹1,37,288 crore and a net profit of ₹11,312 crore for FY25, with a net worth of ₹63,241 crore. GAIL's diversified portfolio spans natural gas transmission, trading, LPG, liquid hydrocarbons, and petrochemicals, with interests in India and abroad. The shares were acquired at market price through stock exchanges, and Maithan noted the event occurred on July 2 and was confirmed on July 3. 'The shares were acquired through the stock exchange and form part of Maithan Alloys' investment portfolio with a view to reap the long-term/short-term investment benefits,' the company said. Maithan Alloys, headquartered in Kolkata, is engaged in the production and sale of ferro alloys and related products, with manufacturing facilities in West Bengal, Meghalaya, and Andhra Pradesh. For FY25, GAIL's turnover stood at ₹1,37,288 crore, up from ₹1,30,638 crore in FY24 and ₹1,41,302 crore in FY23. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Standard
12-06-2025
- Business
- Business Standard
Maithan Alloys acquires minority stake in GAIL (India) for Rs 12 cr
Maithan Alloys said that it has acquired a 0.01% stake in GAIL (India) for total consideration of Rs 12.36 crore via stock exchange. The company has acquired 6,25,000 shares through stock exchange with view to reap the long-term/short-term investment benefits. The company clarified that it do not intend to acquire control whether directly or indirectly of the management of GAIL (India). Maithan Alloys is primarily engaged in the business of manufacturing and exploring of all three bulk ferro alloys- ferro manganese, silico manganese and ferro silicon. It is also engaged in the generation and supply of wind power and has a captive power plant. GAIL (lndia) is the largest state-owned natural gas processing and distribution company in the country. It has a diversified business portfolio and has interests in the sourcing and trading of natural gas, production of LPG, liquid hydrocarbons and petrochemicals, transmission of natural gas and LPG through pipelines, etc. Its turnover was Rs 1,37,288 crore in FY25. Shares of Maithan Allloys shed 0.34% to settle at Rs 1,207.05 while GAIL (India) declined 4% to end at Rs 192.10 on the BSE.
Business Standard
29-05-2025
- Business
- Business Standard
Maithan Alloys reports consolidated net loss of Rs 61.02 crore in the March 2025 quarter
Sales rise 0.45% to Rs 435.23 crore Net loss of Maithan Alloys reported to Rs 61.02 crore in the quarter ended March 2025 as against net profit of Rs 142.08 crore during the previous quarter ended March 2024. Sales rose 0.45% to Rs 435.23 crore in the quarter ended March 2025 as against Rs 433.27 crore during the previous quarter ended March 2024. For the full year,net profit rose 80.59% to Rs 630.18 crore in the year ended March 2025 as against Rs 348.96 crore during the previous year ended March 2024. Sales rose 4.45% to Rs 1805.61 crore in the year ended March 2025 as against Rs 1728.64 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 435.23433.27 0 1805.611728.64 4 OPM % 17.571.51 - 9.786.62 - PBDT -48.07179.82 PL 875.72470.31 86 PBT -54.37174.78 PL 852.43449.53 90 NP -61.02142.08 PL 630.18348.96 81
