Minda Industries Limited (MIL) has been taking all proactive, precautionary and pre-emptive measures at all their offices and manufacturing locations to ensure employee safety and containing the spread of COVID19. The Company has also been following all advisories from Government.
In light of heightened concern on spread of COVID-19 in select districts in India, Government directives and certain OEMs announcing production closure, it has been decided to suspend the manufacturing operations in Northern India, Rajasthan and Maharashtra till further notice. The duration of this shutdown will depend on Government policy. Production at other domestic locations continues and any further development will be informed promptly. At our overseas operations, production volumes at Spain, Mexico and ASEAN have been significantly impacted. At Global engineering and development centres' in Europe, work from home has been implemented.
Well-being and safety of our Employees is of utmost priority. We are carefully monitoring the rapidly evolving Covid-19 pandemic and will continue to proactively respond based the evolving situation. We have implemented Work from Home for staff and provided employees with adequate support. The company will work towards an orderly return to production once conditions permit.
Shares of MINDA INDUSTRIES LTD. was last trading in BSE at Rs.256.45 as compared to the previous close of Rs. 251.05. The total number of shares traded during the day was 9103 in over 674 trades.
The stock hit an intraday high of Rs. 292 and intraday low of 238. The net turnover during the day was Rs. 2464461.