Precision Camshafts takes steps to reduce Covid-19 impact; stock trades flat

All the offices and manufacturing plants of the company had suspended their operations from March 25, 2020, due to lockdown.

Jun 04, 2020 03:06 IST India Infoline News Service

Precision Wires

Precision Camshafts Limited has started with one Foundry Shop and one Machine Shop as per the business order requirement by following necessary social distancing norms, sanitization at plant and office, with limited production capacity, which would be ramp up gradually over a period of time.
 
It informed the exchanges that the manufacturing operations of its plants situated at Solapur resumed from May 17, 2020, in a phased manner.
 
All the offices and manufacturing plants of the company had suspended their operations from March 25, 2020, due to lockdown to contain the spread of Covid-19 based on government directives.
 
“All employees were requested to continue working from home wherever possible. The company has been consistently taking all proactive steps, precautionary and pre-emptive measures at their corporate offices at Pune District and manufacturing plants at Solapur District to ensure safety of all employees since February 2020 due to Covid -19 outbreak in Maharashtra.”

Precision CamShafts Ltd is currently trading at Rs 26,  up Rs 0.20 or 0.78% than previous closing of Rs 25.80 on the BSE.

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