Stocks

MCF units shutdown may act as drag

| Updated on May 14, 2019 Published on May 14, 2019

 

Mangalore Chemicals and Fertilizers has shut down its ammonia, urea and ammonium bi-carbonate (ABC) units following water scarcity in Mangaluru. It said the Mangalore City Corporation has reduced the supply of water from May 14 following depletion of reservoir level at Thumbe vented dam near Mangaluru. Production will resume once water is available, the company further said. Shareholders of MCF will track the monsoon closely.

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Published on May 14, 2019
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