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Greaves Cotton permanently closes operations at Construction Equipment Business plant

16 Sep 2014 Evaluate

Greaves Cotton has permanently closed the manufacturing operations at its Construction Equipment Business plant located at Gumidipoondi in state of Tamil Nadu due to non-viability and to avoid incurring further losses.

Greaves Cotton, a 1,900 crore, a multi-product, multi-location company, is one of the leading engineering companies in India with core competencies in diesel/petrol engines, diesel generators and construction equipments.

Peers
Company Name CMP
Cummins India 4871.00
Kirloskar Oil Engine 2040.65
Greaves Cotton 187.00
Swaraj Engines 3559.60
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