Hitech Corporation discontinues operations at Sarigam unit

Image
Capital Market
Last Updated : Jan 17 2020 | 2:51 PM IST
Hitech Corporation announced that as part of strategy to rationalise the production facilities towards profitable products and optimise the cost, the Sarigam unit (Gujarat) which was being operated largely for part of the production process of another unit has been discontinued with effect from 15 January, 2020. This will reduce overhead cost without material impact on overall turnover, production and sales of the Company.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

More From This Section

First Published: Jan 17 2020 | 11:15 AM IST

Next Story