India's West Coast Paper falls on production disruption at Karnataka plant

West Coast Paper Mills

22/02/2023 06:33

** Shares of West Coast Paper Mills  WSTC.NS  fall as much
as 3% to 482.25 rupees, lowest level since Jan. 30
    ** Paper maker says production at its paper and paper board
division in Dandeli, Karnataka, has been disrupted due to an
"illegal strike" by contract workers
    ** WSTC says expects to settle the matter with trade unions
amicably
    ** Co says will provide further updates and expected loss
due to the disruption to the exchanges
    ** About 52,030 shares change hands as of 11:49 a.m. IST,
one-third of the 30-day avg of 156,444 shares - Refinitiv data
 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; Mobile:
+919769003463))