Business Update25 Nov 2025, 11:40 am
Walchandnagar Industries Ltd Calls Off Lock-out at Satara Plant After Loss of Rs. 27 Crores
AI Summary
Walchandnagar Industries Ltd has called off the lock-out at its Satara Plant, which was declared on April 12, 2025. The lock-out was called off on November 24, 2025, following multiple discussions with the Recognized Union and Workers Representatives. The Company had lost revenue of around Rs. 27 Crores due to the suspension of work and lockout since March 20, 2025, which significantly impacted its overall profitability.
Key Highlights
- Lock-out at Walchandnagar Industries Ltd's Satara Plant called off after loss of Rs. 27 Crores.
- The lock-out was declared on April 12, 2025, and called off on November 24, 2025.
- The Company lost revenue of around Rs. 27 Crores due to the lock-out.
- Multiple discussions held with the Unions and Workers Representatives.
- The plant's maintenance work has started and production is expected to start from December 20, 2025, in phases.