Nitco declares temporary lock out at its tiles mfg unit at Alibaug
Jan 27, 2020, 11:21 IST
New Delhi, Jan 27 () Tiles maker Nitco Ltd on Monday said a lock out has been declared at its tiles manufacturing unit at Alibaug for a temporary period.
"The lock out was necessitated due to non co-operation, coercive and threatening tactics by workmen at the factory premises and with a view to safeguard the interest of the organisation, the safety and security of the personnel and the property of the Company," the tiles maker said in a regulatory filing.
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The shares of Nitco Ltd were trading at Rs 29.30 a piece on BSE, down 4.09 per cent from the previous close. SID DRR(This story has not been edited by www.businessinsider.in and is auto–generated from a syndicated feed we subscribe to.)