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Workers on strike at Aditya Birla Nuvo textile division in West Bengal

Workers at Aditya Birla NuvoBSE 0.02 per cent group firm Jaya Shree Textiles in West Bengal have gone on strike and the company has termed it illegal. The workmen of Jaya Shree Textiles at Rishra, Hoogly, have gone on illegal strike from May 16, Aditya Birla Nuvo

The turnover of Jaya Shree Textiles division constituted about 25 per cent of the total standalone turnover for the nine-month period ended December 31, 2016. Jaya Shree Textiles is engaged in manufacturing linen yarn, linen fabrics, worsted yarn and wool tops..

The total impact of the strike on overall operation of the company shall not be material. For the nine months ended December 31, Aditya Birla Nuvo had reported a standalone net profit of Rs 827.29 crore. Shares of the company were trading at Rs 1,704.30, up 0.12 per cent on BSE. Jaya Shree Textiles a unit of Aditya Birla Nuvo which is a leading player in Linen and wool segment of the global textile Business.

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