ECE Industries has curtailed operations at company’s Sonepat Transformer unit to bare minimum due to un-remunerative prices and abnormally delayed payments from Electricity Boards due to their financial crunch. The company has also sizably curtailed its work force at Sonepat unit to restrict losses.
ECE Industries is in the business of manufacture of transformers catering to state utilities and industrial consumers. Apart from that the company is also present in the manufacturing of elevators. It currently has manufacturing units located at Sonepat.
