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Marico Ltd Proposes To Close Goa Plant

Friday, 25 Oct 2013 08:58am EDT 

Marico Ltd announced that due to input material supply and logistic dynamics that changed over the years, the operations at the Goa Plant became commercially unviable. The management of the Company has decided to stop the production at the Goa plant and has also offered a voluntary retirement scheme to workmen, which the workmen have accepted. The management proposes to close the plant in due course for which initial preparatory steps are being taken. 

Company Quote

5.7 +1.52%
2:47am EDT