Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Google
Web www.equitybulls.com
Stock Report

| More

JK Tyre partially resumes operations in India

Posted On: 2020-05-08 15:58:17


Indian tyre industry major and the pioneer of radial tyre technology in the country, JK Tyre & Industries Ltd, today announced partial resumption of operations after adhering to the guidelines issued by the Ministry of Home Affairs, Government of India and permissions granted by the respective state governments and local authorities.

JK Tyre has commenced production in a graded manner at its manufacturing facilities in Chennai (Tamil Nadu), Kankroli (Rajasthan) and Laksar (through Cavendish industries Ltd.- subsidiary company, in Uttarakhand). The Company has also resumed operations at its global Research & Development hub, Raghupati Singhania Centre of Excellence, Mysore, Karnataka. The remaining manufacturing plants of JK Tyre in India and Mexico are in preparatory mode and will resume operations subsequently.

All the facilities will function with restricted manpower and stringent precautionary measures to ensure safety, sanitisation and social distancing.

Only the essential staff will be allowed to the listed facilities and the remaining employees across corporate office, sales offices and other plants will continue to work from home until further notice.

JK Tyre has kept the safety and wellbeing of its employees at the core of its resumption roadmap. The Company has prepared a detailed 'SOP Manual' that has been shared with the employees and supply chain partners much before the commencement of operations.

Commenting on the occasion, Dr. Raghupati Singhania, Chairman & MD, JK Tyre & Industries Ltd., commented, "As a nation, we are passing through a challenging phase, yet it is imperative that we take small, but significant steps in our endeavour to achieve the right balance again. While we recommence our manufacturing operations, we are placing the safety and well-being of our employees and communities, which are the prime importance of our resumption plan. We have worked out a thorough and stringent roadmap that is not only aligned with the protocols of the authorities, but goes a step further in ensuring access to safe workplace. We are optimistic that the economy and business ecosystem will gradually proceed towards recovery in the coming months."

Shares of JK TYRE & INDUSTRIES LTD. was last trading in BSE at Rs.51.3 as compared to the previous close of Rs. 47.55. The total number of shares traded during the day was 93899 in over 1391 trades.

The stock hit an intraday high of Rs. 52 and intraday low of 47.3. The net turnover during the day was Rs. 4715269.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com


Other Headlines:

Barbeque-Nation Hospitality Ltd board to consider Q4FY21 results on May 24, 2021

Jagan Lamps Ltd to suspend operations, to divert oxygen for medical use

Route Mobile (UK) Limited appoints John Owen as its Chief Executive Officer for Europe and Americas, to accelerate growth and market development

V.S.T Tillers Tractors Ltd updates on VRS at Bangalore Factory

Suyog Telematics Ltd board to approve Q4, FY21 results on May 27, 2021

Saksoft Ltd board to consider Q4, FY21 results, dividend on May 26, 2021

Dhani healthcare Starts Distribution of Free Covid Care Medicines to 25 Lakh Families

Hester Biosciences Limited clarifies on tie up for Covid Vaccine

Kriti Nutrients Ltd Board approves Dividend of Rs. 0.18 for FY21

Kriti Industries India Ltd Board approves dividend of Rs. 0.20

Spandana Sphoorty Financial Limited board to announce Q4, FY21 results on May 22, 2021

Orchid Pharma Ltd board to consider Q4, FY21 results on May 22, 2021

Kriti Nutrients Ltd Q4FY21 PAT slides to Rs. 1.47 crore

Kriti Industries India Ltd posts Rs. 5.96 crore consolidated PAT in Q4FY21

Mangalore Chemicals & Fertilizers Limited board recommends dividend of Rs. 1

Mangalore Chemicals & Fertilizers Ltd posts net profit of Rs. 14.72 crore in Q4FY21

Quick Heal Technologies Ltd Boards recommends Final Dividend of Rs. 4

DCM Nouvelle Limited posts PAT of Rs. 24.47 crore in Q4FY21

Jayant Agro-Organics Limited board recommends dividend of Rs. 1 for FY21

AYM Syntex Ltd Q4FY21 net profit soars to Rs. 18.78 crore

Jayant Agro-Organics Ltd Q4FY21 consolidated PAT jumps to Rs. 23.10 crore

Bhageria Industries Ltd board recommends dividend of Rs. 3.5

Tasty Bite Eatables Ltd Boards recommends dividend of Rs. 2

Thermax Ltd Board to consider FY21 results & Dividend on May 25, 2021

Quick Heal Technologies Ltd posts surge in consolidated PAT to Rs. 39.72 crore during Q4FY21

Bhageria Industries Ltd Q4FY21 consolidated PAT drops QoQ to Rs. 18.31 crore

Kings Infra Ventures Ltd and NEC Corporation Japan launch Proof of concept for Precision Aquaculture

Hero MotoCorp and Gurugram district administration partner to set up 100 bed Covid19 Care Centre

FAZE THREE Autofab Limited Q4FY21 net profit at Rs. 3.06 crore

Tasty Bite Eatables Ltd posts Rs. 13.86 crore PAT in Q4 FY2020-21

Chembond Chemicals Limited board recommends dividend of Rs. 2.25

Geojit Financial Services Limited board recommends final dividend of Rs. 2

Chembond Chemicals Ltd reports Rs. 5.04 crore in Q4FY21

Geojit Financial Services Ltd Q4FY21 consolidated PAT climbs to Rs. 36.39 crore

Max Speciality Films to invest upto Rs. 500 Mn in new CPP Line

Udaipur Cement Works Ltd posts Rs. 22.09 crores net profit in Q4 FY2020-21

Trident Limited board approves fund raising proposal

Kirloskar Industries Ltd board recommends dividend of Rs. 10

Trident Limited board recommends final dividend of Rs. 0.36

Cheviot Company Ltd board recommends special dividend of Rs. 175

IRB InvIT's Q4 distribution stands at Rs. 2.50 per unit

Trident Limited posts Q4FY21 consolidated PAT of Rs. 76.45 crore

Ramkrishna Forgings Ltd reports consolidated PAT of Rs. 33.88 crore in Q4FY21

Aarti Drugs Ltd Q4FY21 consolidated net profit slips to Rs. 51.65 crore

Kirloskar Industries Ltd Q4FY21 consolidated net profit higher at Rs. 67.49 crore

Cheviot Company Ltd Q4FY21 PAT rises to Rs. 25.67 crore

Texmaco Rail & Engineering Limited board approves rights issue to raise Rs. 175 crore

Tata Steel Ltd allots 56,02,985 fully paid-up shares against existing partly paid-up shares

N R Agarwal Industries Ltd's Unit 3 to be shut down for maintenance till May 28, 2011

Z F Steering Gear India Ltd Q4FY21 net profit at Rs. 5.39 crore


Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020