Business Update29 Jul 2026, 07:11 pm
Sri Chakra Cement Lays Off Workmen at Andhra Pradesh Unit
AI Summary
Sri Chakra Cement Ltd has announced the temporary layoff of workmen from its factory unit located in Sri Narasimhapuri, Karampudi, Andhra Pradesh, effective August 1, 2026, until further notice. This decision follows a review of the company's business operations. The company has stated that all eligible workmen will receive lay off compensation and other statutory dues as per legal provisions. The indefinite nature of the layoff suggests potential operational challenges or restructuring within the company's manufacturing segment.
Key Highlights
- Workmen laid off indefinitely at Andhra Pradesh factory unit.
- Layoff effective from August 1, 2026, pending further notice.
- Company to provide statutory dues and compensation to affected workers.
- Decision follows a review of business operations.
Price Impact
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