Globus Corporation has received an approval for disposal of land, building, plant and machinery situated at Hyderabad plant subject to shareholders’ approval. The board of company at its meeting held on April 20, 2013, has approved for the same.
Globus Corporation is into manufacturing of power conductors/cables. The company operations are broad bifurcated into two segments -- manufacturing and trading. The manufacturing segment comprise production of power conductors and cables whereas trading involves production of electrical and electronics and wire and cables.