New Delhi: Bharat Heavy Electricals Ltd (Bhel) expects as much as Rs7,000 crore of new orders in the first quarter as pending government projects are cleared following the Congress’ electoral victory. We have several orders in the pipeline, chairman K. Ravi Kumar said on Monday in a phone interview from his New Delhi headquarters.
MRF declares lockout at Tamil Nadu plant
Mumbai: Tyre maker MRF Ltd said on Monday it had declared a lockout at its manufacturing plant in Tamil Nadu due to labour unrest. The lockout is effective 17 May, the company said in a statement to the Bombay Stock Exchange.
About 3,000 employees of MRF in Arkonam and Puducherry were on a sit-in strike within the premises of the respective facilities since 9 May.
— Reuters and PTI