Aditya Birla Nuvo has resumed operations from November 23, 2016 at its Linen Yarn business unit at Jaya Shree Textiles Division at Rishra in Hooghly, West Bengal. The estimated contribution loss on account of the aforesaid strike is not material and the same is estimated to be around Rs 55 lakh.
Earlier, on November 19, 2016, the illegal strike started by the workmen of Linen Yarn business unit at Jaya Shree Textiles Division of the Company at Rishra, Hooghly, West Bengal. The Jaya Shree Textiles Division at Rishra is engaged in the businesses of manufacturing of Linen Yarn, Linen Fabrics, Worsted Yarn and Wool Tops.
Aditya Birla Nuvo is a $4.4 billion conglomerate operating in the services and the manufacturing sectors, where it commands a leadership position. Its service sector businesses include Financial Services, Fashion & Lifestyle and Telecom.
