Mumbai, June 12 -- 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.

The company reported consolidated net loss of Rs 61.02 crore in Q4 FY25 compared with net profit of Rs 142.08 crore in Q4 FY24. Net sales rose 0.5% YoY to Rs 435.23 crore in Q4 FY25.

The counter shed 0.34% t...