MoneyWorks4Me

KSE declares lock-out at Vedagiri unit

11 Nov 2013 Evaluate

KSE has declared lock-out at Vedagiri unit with effect from November 11, 2013. The company has taken this step after the production at the said unit has been affected with effect from October 24, 2013 due to labour issues emanated from disciplinary actions taken by the company against an employee. Alternate arrangements for production and distribution of cattle feed has been made to ensure steady supply to the markets likely to be affected.

KSE, a company having an annual turnover of Rs 187 crore, is the largest manufacturer of cattle feed. It has three cattle feed plants in Kerala and one in Tamil Nadu with total capacity of 367,800 tpa.

Peers
Company Name CMP
Godrej Agrovet 675.75
Avanti Feeds 799.05
Mukka Proteins 32.07
Mayank Cattle Food 105.00
Prima Agro 14.90
View more..