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Remsons Industries shuts down operations at Daman factory

30 Aug 2017 Evaluate

Remsons Industries has shut-down the operations of its factories located at Goodluck House, Daman in state of Gujarat from August 29, 2017. The operations have been disrupted due to flooding of the factory premises caused by incessant rains in South Gujarat.

Due to heavy water logging and incessant rain, the damage could not be ascertained as of now. The factory is adequately covered by insurance. The company is taking adequate steps to restore normalcy.

Remsons Industries is engaged in the manufacture of cables, flexible shafts, gear shift systems, push pull cables and park brake mechanisms.


Remsons Industries Share Price

88.57 0.29 (0.33%)
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