Raj Oil Mills stops business in five areas due to continuous losses

Due to continuous losses in Uttar Pradesh, Punjab, Delhi, Pune and Nashik the company has decided to stop its operations.

May 20, 2020 11:05 IST India Infoline News Service

Raj Oil Mills Limited will stop business activities in Punjab, Delhi, Uttar Pradesh, Pune and Nashik from June 01, 2020 due to continuous losses. 

“Due to continuous losses in Uttar Pradesh, Punjab, Delhi, Pune and Nashik the company has decided to stop its operations in said areas on or before June 01, 2020,” the company said in a release.

“The employees of the company working in the above-said areas will be eligible to work with the Company at different locations as decided by the company,” it added.

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