Companies

Hindalco declares lock-out at Silvassa plant

PTI New Delhi | Updated on February 26, 2013 Published on February 26, 2013

Aditya Birla Group flagship firm Hindalco Industries today announced a lock-out at its Silvassa plant in Dadra and Nagar Haveli following continuation of workers’ strike.

“...due to continuation of illegal strike by workmen at company’s Silvassa plant, the company is forced to declare a lock-out there,” Hindalco said in a BSE filing.

It said, however, that the company does not expect any adverse impact on financials due to the lock-out. Hindalco has eight other manufacturing facilities.

When contacted, the company spokesperson declined to give the number of people who work at the plant.

The Silvassa plant, covering 97 acres, is located 180 km from Mumbai. It has 30,000 tonnes per annum aluminium foil and converted products manufacturing capacity. The plant was up in technical collaboration with Reynolds Metal, USA, in 1998.

It has five rolling mills, two foil separators, two re-winders and six annealing furnaces with inert gas facility among others.

The Silvassa plant caters to Hindalco’s key customers in pharmaceutical packaging such as Glaxo Smithkline, Pfizer, Lupin, Aventis, Aristo, Macleods, Cadila and Torrent among others, according to company website.

“The unit exports to over 11 countries across Europe, the Middle East, South Asia, Australia and the Far East,” it said.

Published on February 26, 2013

A letter from the Editor


Dear Readers,

The coronavirus crisis has changed the world completely in the last few months. All of us have been locked into our homes, economic activity has come to a near standstill. Everyone has been impacted.

Including your favourite business and financial newspaper. Our printing and distribution chains have been severely disrupted across the country, leaving readers without access to newspapers. Newspaper delivery agents have also been unable to service their customers because of multiple restrictions.

In these difficult times, we, at BusinessLine have been working continuously every day so that you are informed about all the developments – whether on the pandemic, on policy responses, or the impact on the world of business and finance. Our team has been working round the clock to keep track of developments so that you – the reader – gets accurate information and actionable insights so that you can protect your jobs, businesses, finances and investments.

We are trying our best to ensure the newspaper reaches your hands every day. We have also ensured that even if your paper is not delivered, you can access BusinessLine in the e-paper format – just as it appears in print. Our website and apps too, are updated every minute, so that you can access the information you want anywhere, anytime.

But all this comes at a heavy cost. As you are aware, the lockdowns have wiped out almost all our entire revenue stream. Sustaining our quality journalism has become extremely challenging. That we have managed so far is thanks to your support. I thank all our subscribers – print and digital – for your support.

I appeal to all or readers to help us navigate these challenging times and help sustain one of the truly independent and credible voices in the world of Indian journalism. Doing so is easy. You can help us enormously simply by subscribing to our digital or e-paper editions. We offer several affordable subscription plans for our website, which includes Portfolio, our investment advisory section that offers rich investment advice from our highly qualified, in-house Research Bureau, the only such team in the Indian newspaper industry.

A little help from you can make a huge difference to the cause of quality journalism!

Support Quality Journalism
This article is closed for comments.
Please Email the Editor
You have read 1 out of 3 free articles for this week. For full access, please subscribe and get unlimited access to all sections.