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Orbit Exports announces closure of Jalgaon factory

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Capital Market
Last Updated : Oct 17 2014 | 9:45 PM IST

With effect from 17 October 2014

Orbit Exports announced that the Company has permanently closed down one of its Factory situated at Plot No. G-99, Additional M.I.D.C, Jalgaon - 425003 w.e.f. 17 October 2014, all the manufacturing activities and operations in the said Factory has been permanently and irrevocably closed down and the services of all workmen have been terminated on account of said closure as the manufacturing operations in the plant has become totally unviable and the technology on which the plant was set up has been rendered obsolete and its upgradation has become unviable.

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First Published: Oct 17 2014 | 8:34 PM IST

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