March 28, 2018 / 10:57 AM / 23 days ago

BRIEF-India's Rico Auto Industries Starts Process For Partial Closure Of Dharuhera Unit

March 28 (Reuters) - Rico Auto Industries Ltd:

* COMMENCED PROCESS OF OBTAINING REQUISITE APPROVAL FROM AUTHORITIES FOR PARTIAL CLOSURE OF DHARUHERA (HARYANA) UNIT

* PRODUCTION LINES THAT ARE INTENDED TO BE CLOSED ARE NON-OPERATIONAL AS OF MARCH 28

* PRODUCTION LINES THAT ARE INTENDED TO BE CLOSED WILL HAVE POSITIVE IMPACT ON OVERALL PERFORMANCE, PROFITABILITY Source text - bit.ly/2pKB16A Further company coverage:

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