You are here: Home » News-IANS » Business-Economy
Business Standard

Cabinet nod to closure of Kota unit of Instrumentation Ltd.

IANS  |  New Delhi 

The Union Cabinet on Wednesday approved the closure of the Instrumentation Ltd's Kota unit in and the transfer of the company's Palakkad unit to the government, an official statement said.

"The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the closure of the company's Kota unit and transfer of its Palakkad unit to the of Kerala," a Cabinet communique said.

The statement said the Cabinet approved an attractive Voluntary Retirement Scheme/ Voluntary Separation Scheme package at 2007 notional payscales to employees of the Kota Unit of Instrumentation Ltd., including payment of pending salary, statutory dues etc., which amounts to approximately Rs 438 crore.

--IANS

bc/tsb/vm

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

RECOMMENDED FOR YOU

Cabinet nod to closure of Kota unit of Instrumentation Ltd.

The Union Cabinet on Wednesday approved the closure of the Instrumentation Ltd's Kota unit in Rajasthan and the transfer of the company's Palakkad unit to the Kerala government, an official statement said.

The Union Cabinet on Wednesday approved the closure of the Instrumentation Ltd's Kota unit in and the transfer of the company's Palakkad unit to the government, an official statement said.

"The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the closure of the company's Kota unit and transfer of its Palakkad unit to the of Kerala," a Cabinet communique said.

The statement said the Cabinet approved an attractive Voluntary Retirement Scheme/ Voluntary Separation Scheme package at 2007 notional payscales to employees of the Kota Unit of Instrumentation Ltd., including payment of pending salary, statutory dues etc., which amounts to approximately Rs 438 crore.

--IANS

bc/tsb/vm

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

image
Business Standard
177 22

Cabinet nod to closure of Kota unit of Instrumentation Ltd.

The Union Cabinet on Wednesday approved the closure of the Instrumentation Ltd's Kota unit in and the transfer of the company's Palakkad unit to the government, an official statement said.

"The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the closure of the company's Kota unit and transfer of its Palakkad unit to the of Kerala," a Cabinet communique said.

The statement said the Cabinet approved an attractive Voluntary Retirement Scheme/ Voluntary Separation Scheme package at 2007 notional payscales to employees of the Kota Unit of Instrumentation Ltd., including payment of pending salary, statutory dues etc., which amounts to approximately Rs 438 crore.

--IANS

bc/tsb/vm

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

image
Business Standard
177 22

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard