ImportantClosure of operations
AIA Engineering's subsidiary, Welcast Steels, will permanently close its Bengaluru plant.
AIA Engineering LimitedAIAENG · Filed with the exchange
Reasons: outdated technology, unviable operations.
This unit contributed 84.50 Cr turnover & 39.72 Cr net worth to the listed entity.
AIA anticipates no adverse impact, citing ample surplus capacity.
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