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Premier removes suspension of operations at Chinchwad plant

12 Jun 2018 Evaluate

Premier has removed the temporary suspension of operations at its plant at Chinchwad in Pune and the company will re-commence full production from June 12, 2018. All the workers have agreed to resume their duties. The Company has lost 12 working days. The Management aims to make up this production loss in the next quarter.

Earlier, the company had temporary suspended operations of the plant due to certain acts of indiscipline by some of the workmen.

Premier is engaged in the manufacture of automobiles and machine tools. The company has manufactured the widest range of commercial vehicles, which includes Premier Padmini -- one of the popular cars in India.

Peers
Company Name CMP
Bharat Heavy Elect. 416.00
Thermax 3407.65
Kirloskar Industries 3635.70
Skipper 551.65
INDO-MIM 1309.15
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