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The latest announcement is out from Thirumalai Chemicals Limited ( (IN:TIRUMALCHM) ).
Thirumalai Chemicals Limited announced that its step-down subsidiary, Optimistic Organic Sdn Bhd (OOSB) in Malaysia, is experiencing a prolonged outage in its Maleic Anhydride unit due to machinery failure. This outage is expected to reduce the company’s consolidated revenue by INR 235 crore annually, impacting 9.6% of its FY25 revenue. The company is actively seeking solutions to restore operations, although the financial impact remains significant.
More about Thirumalai Chemicals Limited
Thirumalai Chemicals Limited operates in the chemical industry, focusing on the production of various chemicals, including Maleic Anhydride. The company is ISO certified and has a market presence with a focus on chemical derivatives.
Average Trading Volume: 13,100
Technical Sentiment Signal: Sell
Current Market Cap: 27.43B INR
Find detailed analytics on TIRUMALCHM stock on TipRanks’ Stock Analysis page.