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Graphite India suspends manufacturing operations amid COVID-19

Capital Market 

Graphite India has decided to suspend the manufacturing operations completely with immediate effect at its factories in Ambad (Impervious Graphite equipments division), Gonde ( GRP pipes division) {both in Maharashtra}, Barauni (Coke division in Bihar) and Powmex Steel division (Titilagarh-Odisha). As regards the Graphite electrode factories in Durgapur (West Bengal) and Satpur (Nashik-Maharashtra), since the stoppage of manufacturing activities cannot be done in one go from safety point of view (shutting of furnaces takes time), the same is being taken up in stages.

Besides, the Company has also adopted the work from home facility for its employees where ever required, which shall help maintain social distance. The situation will be reviewed and appropriate decisions will be taken in accordance with Central/State notifications/advisories. Please note that these are all temporary measures and the position will be reviewed as per the evolving situation.

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

First Published: Wed, March 25 2020. 11:46 IST