Business Update13 Apr 2025, 05:56 pm
Walchandnagar Industries Declares Lockout at Satara Plant, Affecting Production
AI Summary
Walchandnagar Industries Ltd has declared a lockout at its plant situated in Satara, Maharashtra, as of April 12, 2025. This decision comes after the management withdrew the suspension of operations order. The lockout does not affect the other two plants located in Walchandnagar, Pune and Dharwad, Karnataka. The estimated impact of the lockout on production is around Rs. 10 lakhs per day. The reasons for the lockout are cited as violent collective acts of the workmen.
Key Highlights
- Walchandnagar Industries declares lockout at Satara plant
- Lockout affects production from April 12, 2025
- No impact on the other two plants in Pune and Karnataka
- Estimated production loss of around Rs. 10 lakhs per day
- Lockout due to violent collective acts of the workmen