Karachi December 2 2022: Bolan Castings Limited (BCL) shut its plant for 21 days starting from December 05, 2022 on lower orders, according to company filling to the exchange.
Share price of the stock drops PKR 2.26 or 4.78 percent in today trading session at Pakistan Stock Exchange.
The statement states, “Due to drastic drop in orders from our customers, the Bolan Castings Limited is facing drop in sales. Hence, the management of the Company has decided to temporarily halt the production activities of the Company from Monday December 05, 2022 till Friday December 23, 2022.”
Bolan casting Limited is a public listed company incorporated in Pakistan on July 15, 1982 under the Companies Act, 1913 (now the Companies Act, 2017). The company manufactures and sells casting for tractors and automotive parts. The company is a subsidiary of Millat Tractors Limited.
