Bajaj Electricals has received approval for permanent closure of operations of Parwanoo Unit in Himachal Pradesh. The unit was shut down due to 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. The estimated time of closure of the said unit is by September 30, 2022. The board of directors at their meeting held on August 12, 2022 has approved the same.
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. | 333.70 |
Whirlpool Of India | 1444.55 |
Bajaj Electricals | 949.45 |
IFB Industries | 1391.00 |
TTK Prestige | 712.00 |
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