Amber Enterprises announced closure of facilities

Amber Enterprises India informed about the closure of its various manufacturing facilities across India till 31 March 2020.

In an exchange filing made after market hours yesterday, the company informed t in view of the directions passed by District Administrations to prevent & contain the spread of COVID-19 and to ensure the safety and wellbeing of employees and all stakeholders, Amber Enterprises India has decided to temporarily close or is in process of closure of its manufacturing operations at its various manufacturing facilities across India with immediate effect till 31st March 2020; which can be further extended in line with the directives of the District Administrators / Government Authorities.

There will be some financial impact, on account of this closure, which is difficult to assess currently, the company said.

The stock was currently trading 3.99% higher at Rs 1121 on the BSE. It has traded in the range of Rs 1098 and Rs 1170 so far during the day.

Amber Enterprises India is a solution provider for air conditioner OEM/ODM industry. The company has diversified portfolio which includes RACs, RAC components and air conditioning solutions for railways, metro's, defence, bus & commercial segment. The company has 15 manufacturing facilities across 6 locations in India, strategically located close to customers enabling faster turnaround.

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