Birla Corporation to close manufacturing unit at Gurgaon

2 Sep 2022 , 10:07 AM

Birla Corporation Ltd has permanently closed the manufacturing establishment at its unit namely, Auto Trim Division, Gurgaon situated at Village- Nawada, Fatehpur, Post Office – Sikanderpur – Badha, Dist – Gurgaon – 122 001 w.e.f. September 01, 2022.

The above-mentioned closure does not have any material and adverse effect on the operations of the Company.

According to the filing, there has been no production activity carried out in the said Unit since November 2007, hence it has been decided to close the same.

The Unit has contributed Rs6 lakhs income amounting to 0.06% of the total income of the Company during the financial year 2021-22.

The Unit contributed Rs (18.32) lakhs to the overall net worth of the Company during the financial year 2022.

At around 10:06 AM, Birla Corporation Ltd is currently trading at Rs976.90 per share up by Rs1.3 or 0.13% from its previous closing of Rs975.60 per share on the BSE.

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