Usha Martin Ltd has clarified with reference to the news item titled "Usha Martin union raises concern over irregular payment of salaries at Ranchi plant" published in ww.economictimes.indiatimes.com on 8th October, 2018.
There have been occasional delays in payment of salaries at Ranchi Plant due to difficult financial conditions of the Company. Inspite of this, the Company has always tried to see that the delays do not accumulate and affect the employees adversely. The union quoted in the news item is not a recognized trade union of the Company and does not represent the voice of the employees of the Company at Ranchi Plant.
Shares of USHA MARTIN LTD. was last trading in BSE at Rs.26.6 as compared to the previous close of Rs. 26.05. The total number of shares traded during the day was 86602 in over 330 trades.
The stock hit an intraday high of Rs. 27.55 and intraday low of 25.8. The net turnover during the day was Rs. 2294458.