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Schneider Electric Infrastructure announces closure of Naini transformer unit

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Capital Market

As part of consolidation of its transformer business

Schneider Electric Infrastructure has announced that the Board of Directors of the Company has approved through a circular resolution the closure of Company's Unit at Naini and to sell / dispose off or to shift to another manufacturing location/s of the Company, the assets belonging to Naini Unit on such terms and conditions, at such time(s) and in such form and manner as the Board may think fit.

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First Published: Apr 07 2014 | 6:58 PM IST

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