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Jindal Stainless temporarily shutsdown Ferro Alloys Unit at Kothavalasa, A.P.

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Capital Market
Last Updated : Sep 16 2015 | 8:01 PM IST

To shift production of ferro chrome to Jaipur

Jindal Stainless announced that due to pending differences between Management and workers who have lately been resorting to go-slow and other disruptive tactics, Management has decided to temporarily shut down operations of the Ferro Alloys Unit at Kothavalasa in Vizianagaram district, Andhra Pradesh and shift production of ferro chrome to more economical Jajpur facilities.

The Management is engaged in active dialogue with the workers and hopes to resolve the issue in near future enabling it to resume operations. The operations of the Company's other Units will not be adversely affected by this shutdown.

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First Published: Sep 16 2015 | 6:30 PM IST

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