Disruption16 May 2026, 03:01 pm
Akums Haridwar Operations Resume at 70% After Disruption
AI Summary
Akums Drugs and Pharmaceuticals Ltd reports that manufacturing operations at its affected sites in Haridwar and its subsidiaries have resumed at over 70% capacity as of May 16, 2026, following an industry-wide disruption triggered by a review of minimum wages by state authorities in Uttarakhand. The company anticipates progressive improvement in productivity levels, with local authorities coordinating to restore normalcy. The company has industrial insurance to cover the loss of production.
Key Highlights
- Akums' Haridwar plants resume 70% operations after labor unrest.
- Disruption stemmed from industry-wide minimum wage review in Uttarakhand.
- Loss of production is covered under the company's industrial insurance policy.
- Local authorities are coordinating to restore normalcy in the region.
- Operations at other manufacturing units remained stable.