Bannari Amman Sugars fell 5.90% to Rs 2592 after workmen union at the company's sugar unit-II in Mysore and sugar unit-III at Chamarajnagar in Karnataka have called for strike with effect from 10 March 2023.
"The strike is regarding wage settlement and other related demands," the company said in an exchange notification on Monday.The company said it is monitoring the situation and steps have been taken for smooth operations of the units and to minimise the disruptions, it added.
Bannari Amman Sugars is engaged in the business of manufacture of sugar, generation of power through co-generation, production of industrial alcohol and granite products.
Net profit of Bannari Amman Sugars rose 38.29% to Rs 40.85 crore and net sales rose 30.26% to Rs 932.36 crore in Q3 December 2022 over Q3 December 2021.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app