3M India Ltd to consolidate manufacturing operations in Pune

3M in India has decided to consolidate its manufacturing operations in Pune, Maharashtra to a single facility in Ranjangaon and discontinue its production unit at its Pimpri facility during the quarter October - December 2021. At present, the Pimpri facility is owned and managed by 3M Electro & Communication India Private Limited, a 100% subsidiary of 3M India Limited.

Once all the related approvals are in place 3M shall ensure smooth transition of the business and is committed to minimizing any disruption for its customers.

Shares of 3M INDIA LTD. was last trading in BSE at Rs.21559.8 as compared to the previous close of Rs. 21212.85. The total number of shares traded during the day was 1399 in over 563 trades.

The stock hit an intraday high of Rs. 21600 and intraday low of 21146.45. The net turnover during the day was Rs. 29943697.

Source : Equity Bulls

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