At meeting held on 03 January 2022
The Board of Bajaj Electricals at its meeting held on 03 January 2022 has considered and approved the proposal for permanent closure of operations at Shikohabad Unit.The Company's Shikohabad Unit accounted for total revenue of Rs.33.46 crore for the year ended March 31, 2021 (representing 0.72% contribution to the Company's total income for the financial year ended March 31, 2021), whereas it contributed Rs.4.44 crore loss (before tax) to the Company during the same period.
The estimated date for closure of the unit is 04 January 2022.
Powered by Capital Market - Live News
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
RECOMMENDED FOR YOU