Karan Woo Sin temporarily suspends production

08 Mar 2013

Karan Woo Sin has suspended the company's production for the time being. The management has taken this decision as the severe power cuts have been imposed on HT consumers in the state of Andhra Pradesh. The power availability is likely to only get worse in the foreseeable future. The company’s factory needs continuous power supply to run some of the Machines. Apart from the aforesaid, power generation through DG set is not commercially viable.

Also, the slowdown in demand and consumption in Europe which is the company’s main market is showing no signs of improvement.

Karan Woo Sin is a 100% export-oriented unit and is engaged in the business of manufacturing and export of socks.

Related Manor Estates & Industries Ltd. Links:

Manor Estates Share Price

1.81 -0.09 (-4.74%) Mar 01, 18:43
1 Year Price Chart
Company Name CMP
Quess Corp 751.25
SIS 425.60
TeamLease Services 3592.10
VA Tech Wabag 280.90
Syngene Internation. 557.60
View more..
Sensex vs Manor Estates
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323