Lakshmi Electrical Control Systems has informed the exchange regarding suspension of operations of the factory due to Covid -19 new protocols.
"Pursuant to new restrictions notified by the Government of Tamilnadu due to Covid 19 pandemic second wave, it is decided to suspend the operations at the factory of the Company situated at Arasur, Coimbatore effective from 24th May 2021 until further notice", as stated by the company.
On Monday early morning trade, Lakshmi Electrical was trading at Rs332.10 per piece down by Rs7.15 or 2.11% on Sensex.
Previously, the scrip was closed at Rs339.25 per piece on the BSE.