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Cabinet approves closure of Kota Unit of Instrumentation Limited

ANI  |  New Delhi [India] 

The Union Cabinet has approved closure of Kota Unit of Instrumentation Ltd. and the transfer of Palakkad Unit of Instrumentation Ltd. to of Kerala.

The Cabinet has also given its approval to an attractive VRS/VSS package at 2007 notional pay scales to employees of Kota Unit of Instrumentation Ltd. including the payment of pending salary, statutory dues etc., which amounts to approximately Rs.438 crore.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, December 01 2016. 08:46 IST
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