The block closure was taken in view of the quarterly closing as Tata Motors said it cannot pile up inventory
Jamshedpur: Production will be halted at Tata Motors block for three days from tomorrow because of the 'prevailing economic condition', the company said on Wednesday, reports PTI.
"A block closure has been announced from 28 to 30 June in the Jamshedpur plant," Tata Motors spokesman PJ Singh said.
"We are market driven company that is why we have taken the decision," Singh told PTI when asked for the reason.
"The block closure was taken in view of the quarterly closing as we cannot pile up inventory," he added.
It has been announced with the consent of employees following a meeting held yesterday, he said.
Telco Workers Union General Secretary Chandrabhan Singh said production has dropped in the last two months and was almost negligible since 23rd June.
He said 50% of the block closure would be adjusted against leave of employees and the remainder would be borne by the company.
Around 10,000 employees will be affected by the three day closure, which will be followed by a Sunday, the weekly off day.
The factory would be built at Indapur near Pune at a cost of Rs100 crore and production would start in March next
London: A London-based NRI-led company will set up the world's largest steel modular building factory in Indapur in Maharashtra at a cost of Rs100 crore, reports PTI.
Suchit Punnose, chairman of Modulex Modular Buildings Plc made the announcement at a function held here Tuesday night in the presence of Harshavardhan Patil, Maharashtra's Minister for Co-operation and Parliamentary Affairs, who is also an MLA from Indapur.
Punnose said the factory would be built at a cost of Rs100 crores and production would start in March next.
Patil said, "All support will be extended to the project which is expected to provide employment for over 900 people."
He said the state Government has already sanctioned 40 acres and may consider sanctioning another 30 acres for the project.
Patil, who visited modular buildings in London, said the technology is required in India to support infrastructure and economic growth.
Modulex's technology produces buildings with high quality on fixed cost and time guarantee, Punnose said.
"The factory will have four production lines with an annual capacity of 2 million sq ft, operating on an 8-hour shift 5 days a week for eleven months," he said.
This equates to twenty 100-room hotels plus a 1,000 residential or office buildings of 1,000 sq ft each, or accommodation for 2,000 hospital beds, he added.
The factory will be situated on a 40 acre site in Indapur MIDC Industrial Estate in Pune District, 280 kms from Mumbai.
"The design, the logistics and the technology compatibility studies have been completed, the land has been acquired, planning and all necessary permissions have been received, debt syndication has been finalised and now ground preparation has started," Punnose said.
On the technology use and benefits, he said hotels, schools, hospitals, commercial offices, residential buildings, military accommodation and railway stations can be built very quickly with minimum disruption on site.
For example, he said, a 100-room hotel can be constructed in 24 weeks, and 90% of the work is completed offsite and only 10% onsite.
The cost of modular buildings is same as traditional buildings and can be built to any design required. Buildings can be as high as 22 floors, Punnose said.
He said many hotels, such as Premier Inns, Travelodges and Days Inns are built using this technology in the UK.
As many as 440 McDonalds restaurants were rolled out in the UK by the management team now employed by Modulex, Punnose said.
Sania, in her hard-hitting statement, had said that AITA was portraying a wrong picture by saying she and Paes was the only possible qualification in the mixed doubles event for India