Brief: Bengal Tea & Fabrics to close 6,336 spindles at Ahmedabad factory
27/09/2016 10:11
Sept 27 (Reuters) - Bengal Tea And Fabrics Ltd:
* Spindles in spinning section of textile division of the
company at Ahmedabad is being closed w.e.f. October 01, 2016
* Reduction in capacity would result in reduction in the top
line of the company by about 12 crores rupees on an annualized
basis
* Sale proceeds be utilized for payment of retrenchment
compensation to workers
Source text: http://bit.ly/2dofHRA
((ReutersIndia.snapping@thomsonreuters.com;))
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