Tinna Rubber and Infrastructure Ltd to merge operations of Kala-Amb unit with Panipat unit

For optimum use of resources Tinna Rubber and Infrastructure Limited has decided to merge operations of Kala-Amb Unit into the Panipat Unit.

The entire workforce affected by this move is being relocated to other plant location or paid as per Industrial Dispute Act, 1947 along with all other statutory dues.

The primary objective of this action is to harvest benefits of economies of scale by curtailing overall expenditure simultaneously increasing capacity utilization. The Plant and machinery of Kala Amb Unit shall be relocated to Panipat Plant.

Shares of Tinna Rubber and Infrastructure Limited was last trading in BSE at Rs. 370.15 as compared to the previous close of Rs. 365.30. The total number of shares traded during the day was 9826 in over 495 trades.

The stock hit an intraday high of Rs. 380.55 and intraday low of 361.20. The net turnover during the day was Rs. 3657370.00.

Source : Equity Bulls

Keywords

TinnaRubberandInfrastructure INE015C01016 Consolidation Mergerofunit KalaAmb Panipat