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Cummins India announces closure of operations

Capital Market 

Cummins India on Wednesday (25 March 2020) announced temporary suspension of operations from 23 March till 15 April 2020 due to COVID-19 pandemic.

Cummins India's consolidated net profit rose 7.5% to Rs 212.32 crore on a 2.9% fall in net sales to Rs 1,431.54 crore in Q3 December 2019 over Q3 December 2018.

Cummins India is a manufacturer of diesel and natural gas engines for power generation, industrial and automotive markets.

Shares of Cummins India were up 2.20% at Rs 378.35. The scrip hit its 52-week low at Rs 365.70 during intraday trade.

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

First Published: Thu, March 26 2020. 15:09 IST