“The company’s unit situated at Budihyal (unit-15) has laid off all workmen for a period for 60 days. Accordingly, 39 workmen have been laid off from January 5, 2021, to March 4, 2021, and 24 workmen from January 11, 2021, to March 10, 2021.
The company units situated at Hirehalli, Tumkur (unit-7) and Budihyal (unit-15) had first partially laid-off its workmen for a period of 30 days, effective from Saturday, June 13, 2020 and later has been extending the lay-off due to Covid-19 affect.
The company also partial laid-off of the workmen of Company’s Unit located at Govenahalli (Unit-1), Bangalore for a period of 60 days, with effect from September 20, 2020 and extended the time frame later.
At around 11.44 am, Kirloskar Electric Company was trading at Rs16.35 per piece up by Rs0.2 or 1.24% on the BSE.