Brief: India's Rico Auto Industries Starts Process For Partial Closure Of Dharuhera Unit

Rico Auto Industries

28/03/2018 11:54

March 28 (Reuters) - Rico Auto Industries Ltd  RAUT.NS :
    * COMMENCED PROCESS OF OBTAINING REQUISITE APPROVAL FROM
AUTHORITIES FOR PARTIAL CLOSURE OF  DHARUHERA (HARYANA)  UNIT
    * PRODUCTION LINES THAT ARE INTENDED TO BE CLOSED ARE
NON-OPERATIONAL AS OF MARCH 28
    * PRODUCTION LINES THAT ARE INTENDED TO BE CLOSED WILL HAVE
POSITIVE IMPACT ON OVERALL PERFORMANCE, PROFITABILITY

Source text - http://bit.ly/2pKB16A
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