Hitech Corporation discontinues operations at Sarigam unit

Hitech Corporation discontinues operations at Sarigam unit

Jan 17, 2020 11:01 IST capital market

Hitech Corporation announced that as part of strategy to rationalise the production facilities towards profitable products and optimise the cost, the Sarigam unit (Gujarat) which was being operated largely for part of the production process of another unit has been discontinued with effect from 15 January, 2020. This will reduce overhead cost without material impact on overall turnover, production and sales of the Company.

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