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Alok Industries declares lock-out at Navi Mumbai’s processing plant

31 Jul 2017 Evaluate

Alok Industries has declared lock-out at its processing plant at Pawane, MIDC Area, Navi Mumbai from July 29, 2017. The company has taken the said decision as there is no production since the last 14 months primarily due to labour issues.

Alok Industries evolved from a small trading business into India’s largest integrated textiles player. It is present across various verticals of the textile value chain - from yarn manufacturing to garmenting.

 

Peers
Company Name CMP
Vardhman Textiles 536.45
Welspun Living 235.85
Arvind 529.75
Raymond Lifestyle 624.95
K.P.R. Mill 1100.90
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