 "Bal Pharma's Pune unit")
As part of its restructuring exercise, the Bengaluru-based pharmaceutical company Bal Pharma Ltd will shut down its parenterals and IV fluids manufacturing facility at Pune (Maharashtra).
“The company has decided to issue notice as per the provisions of Section 25 FFA read with Section 25 F of the Industrial Disputes Act, 1947, pertaining to its parenterals and IV fluids manufacturing facility at Pune. This decision was taken as part of the restructuring exercise undertaken by the company to streamline its operations and to exit from its noncore businesses, whose operational costs are significant but generate very nominal revenues,” said
