Surana Industries has resumed their operations at integrated steel plant in Raichur, Karnataka as the strike has been called off. The agreement was reached with the intervention of Assistant Labour Commissioner. Most of the workers and staff have rejoined unconditionally on an undertaking not to resort to such unlawful activities.
The management has retrenched some employees who had resorted to unlawful activities and has considered all reasonable demands of its employees, after making full payment of terminal dues. The illegal strike had led to temporary disruptions in the operation at ISP Raichur and a subsidiary of the company. However, production activities have now resumed and normalcy has been restored in the operations.
Surana Industries is one of the major TMT (thermo mechanically treated) bars manufacturer located in Chennai and sourced Eurotherm DEL India Limited to modernize their plant located at Gummidipoondi around 45KM from chennai.
| Company Name | CMP |
|---|---|
| Tata Steel | 212.60 |
| JSW Steel | 1269.20 |
| SAIL | 176.75 |
| Jindal Stainless | 787.75 |
| APL Apollo Tubes | 2116.45 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: