AIA Engineering Limited informed the exchanges Monday that its subsidiary Welcast Steels Ltd. (WSL) has decided to continue manufacturing operations at the Industrial Establishment (Factory) situated at Peenya Industrial Area, Bengaluru.
Earlier, on September 1, 2020, the company had informed that Welcast Steels has decided to permanently close its Grinding Media manufacturing facility at its plant in Bengaluru.
“Our subsidiary company, Welcast Steels Limited (WSL), in the hope of revival of the economy, has decided to continue the manufacturing operations at its Industrial Establishment situated at Plot No. 15, Phase-l, Peenya Industrial Area, Bengaluru 560 058, and withdraw its Closure Notices filed with the concerned authorities to close its Industrial Establishment effective from November 2, 2020.
The workmen have been advised to report to work,” the company said.
At around 3.15 pm, AIA Engineering was trading at Rs1,691.50 per piece up by Rs31.15 or 1.88% from its previous closing of Rs1,660.35 per piece on the BSE.