Kirloskar Electric Company stock drops 2% after closure of unit-5 in Mysore

The unit is closed for sanitization after of the contract employee tests positive for Covid-19.

Jul 08, 2020 12:07 IST India Infoline News Service

Kirloskar Electric Company Limited has closed Unit-15 facility in Mysore after one of its employee tested positive for Covid-19.

“This is to inform that one of the contract employee of Mysore unit (Unit-5) has been tested positive for Covid-19 and as per the guidelines issued by MHA, the unit is closed for sanitization,” the company updated the exchanges Tuesday. 

The company is taking all precautions and following the directions as required in this regard.

Kirloskar Electric Company is currently trading at Rs12.85, down by Rs0.27 or 2.06% from its previous closing of Rs13.12 on the BSE.

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