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Indian Card Clothing Company discontinues operations at Pune factory

04 May 2018 Evaluate

Indian Card Clothing Company has discontinued operations at its factory situated at Pimpri, Pune, through an amicable settlement with the unionised employees. It has taken the interest of all the unionised employees working in this factory into consideration, while negotiating the settlement.

As a result of this strategic decision, the production facility will be shifted to the company’s existing state-of-the-art manufacturing facility in Nalagarh, Himachal Pradesh.

Indian Card Clothing Company is engaged in manufacture of card clothing and realty. The company’s segments include Card Clothing and Realty.

Peers
Company Name CMP
LMW 16295.40
Lohia Corp 633.30
Stovec Industries 1500.00
Veejay Lakshmi Engg 38.01
Indian Card Clothing 187.65
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