Board of Bajaj Electricals approves closure of Shikohabad unit

7 Jan 2022 , 01:34 AM

The Board of Bajaj Electricals at its meeting held on 03 January 2022 has considered and approved the proposal for permanent closure of operations at Shikohabad Unit The Companys Shikohabad Unit accounted for total revenue of Rs3346 crore for the year ended March 31 2021 representing 072Percentage contribution to the Companys total income for the financial year ended March 31 2021 whereas it contributed Rs444 crore loss before tax to the Company during the same period The estimated date for closure of the unit is 04 January 2022