MoneyWorks4Me

Innoventive Industries shuts down one shift in Tube division

04 Oct 2013 Evaluate

Innoventive Industries, continuing its cost optimization measures of the Tube Division, has decided to close down second shift operations with a view to eradicate operational inefficiencies during the month of October 2013. Manpower will be arranged accordingly. Further, Sheet Division would continue to observe 'No Working Days' at its Plants and offices for a period ranging from 1 to 4 days (excluding weekly holidays) during the month of October, 2013.

Innoventive Industries manufactures precision steel tubes, membrane panel strips, auto components, oil well drilling couplings, pup joints and other precision steel products catering to applications in diverse sectors such as transportation, boilers & heat exchangers, energy, oil & gas, farm equipment & general engineering.

Peers
Company Name CMP
SamvardhanaMotherson 157.50
Tube Investments 2338.60
Bosch 45599.85
UNO Minda 1115.00
Bombay Burmah Trdg. 1334.15
View more..