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Texmaco Rail & Engineering suspends operations at steel foundary division

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Capital Market

With effect from 12 August 2015

Texmaco Rail & Engineering announced that due to an unfortunate incident happened on 12 August 2015 at around noon time caused by an error of judgement on the part of a workman, certainly for no fault of the Management, the workman suffered injuries which later turned out to be fatal.

Taking advantage of the situation, some miscreants went on a rampage, vandalizing the Steel Foundry Division's property, causing loss and also disabling the normal working. Under the circumstances, the Management is unable to maintain the normal operations of the Steel Foundry Division and is left with no option but to suspend the operations of the Steel Foundry Division with effect from night shift of 12 August 2015 till further notice.

 

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First Published: Aug 13 2015 | 11:36 AM IST

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