Bajaj Electricals has received approval from its board for permanent closure of its manufacturing unit located at Shikohabad in Uttar Pradesh. The step has been taken considering the ‘unsatisfactory performance of the unit with continued operational losses’ in spite of attempts to turn it around, making it unviable to continue running the unit. Bajaj Electricals had acquired the Shikohabad-based unit from Hind Lamps in 2018.
The Shikohabad unit accounted for a total revenue of Rs 33.46 crore for the year ended March 31, 2021, representing a 0.72 per cent contribution to Bajaj Electricals' total income for the financial. It had reported a loss before tax of Rs 4.44 crore to the company during the same period.
Bajaj Electricals is an electrical equipments manufacturing company. It is engaged in the manufacturing of domestic appliances such as water heaters, mixers, food processors, microwave ovens, air coolers, steam & dry irons, etc.
| Company Name | CMP |
|---|---|
| Crompt.Greaves Cons. | 261.25 |
| Whirlpool Of India | 888.55 |
| Bajaj Electricals | 391.55 |
| Orient Electric | 179.35 |
| TTK Prestige | 494.95 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: