As part of the ongoing steps being taken by the Company to optimise the level of costs and to further improve the competitiveness in the Transformer business, it has been decided to right size the scale of operations in one of the factories which manufactures transformers at Naini, Uttar Pradesh.
This will include rationalising the work force of the Naini factory to match with the current order backlog and the need for the operating level required in the Naini factory, and in the process optimise the utilisation level of the transformer manufacturing factories in the Company.
Such rationalisation is not expected to disrupt or adversely affect the commercial operations of any unit of the Company.
Shares of GE T&D India Ltd was last trading in BSE at Rs.275.1 as compared to the previous close of Rs. 280.3. The total number of shares traded during the day was 1256 in over 101 trades.
The stock hit an intraday high of Rs. 289.05 and intraday low of 274.05. The net turnover during the day was Rs. 348327.