Islamabad, Aug 23: Production has been suspended by Bolan Castings Limited (PSX: BCL) as of August 26 (Monday) and will remain suspended indefinitely.
“The company is seeing a decline in sales as a result of the sharp decline in orders from our clients. Furthermore, our primary customer’s payment delays are seriously straining our finances. As a result, the company’s management has chosen to suspend production beginning on Monday, August 26, 2024, and continuing until further notice, according to the stock filing.
BCL’s share price on the stock exchange ended the day at Rs. 93.89, down 10%, or Rs. 10.43, with slightly more than 97,000 shares traded on Friday.
