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Tinna Rubber and Infrastructure to merge operations of Kala-Amb Unit into Panipat Unit

09 Feb 2023 Evaluate

For optimum use of resources, Tinna Rubber and Infrastructure has decided to merge operations of Kala-Amb Unit into its Panipat Unit. The entire workforce affected by this move is being relocated to other plant location or paid as per Industrial Dispute Act, 1947 along with all other statutory dues.

The primary objective of this action is to harvest benefits of economies of scale by curtailing overall expenditure simultaneously increasing capacity utilization. The Plant and machinery of the company’s Kala Amb Unit shall be relocated to Panipat Plant. This move does not have any adverse effect on operations of the company.

Tinna Rubber and Infrastructure is a market leader in the field of bituminous products. The company has captured substantial share due to the high quality, reliability and customer satisfaction. The company also has interest in winery, agri business and ware housing.

Peers
Company Name CMP
Apcotex Industries 608.70
Pix Transmission 1759.45
Rubfila Internatl. 66.53
Tinna Rubber & Infra 1007.35
GRP 1990.00
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