MoneyWorks4Me

Tea Board to take over management control of 6 tea gardens of Duncans Industries

03 Feb 2016 Evaluate

The Central Government has authorized the Tea Board to take steps to take over the management or the control of the 6 tea gardens of Duncans Industries. This step has been taken pursuant to Central Government Gazette Notification dated January 28, 2016, in respect of 6 tea gardens of the company - Birpara, Dumchipara, Hantapara, Tulsipara, Lankapara and Garganda.

The company is however being aggrieved by such notification and is now in the process of taking suitable legal recourse.

Duncans Industries, a Duncan Goenka Group company, was incorporated in 1951 with interests in two of the core industries of India, tea and jute. The company is presently in the tea and fertilizers sector.


Peers