Workers at Aditya Birla Nuvo group firm Jaya Shree Textiles in Hooghly district of West Bengal have gone on strike from May 16, company in BSE filing said. It, however, termed the strike illegal and did not disclose the reason behind such development.
Jaya Shree Textiles is engaged in manufacturing of linen yarn, linen fabrics, worsted yarn and wool tops.
The turnover of the unit constituted about 25 per cent of the total standalone revenue for the nine-month period ended December 31, 2016, Aditya Birla Nuvo said.
“As such the total impact of the said development on the overall operation of the company shall not be material,” it added.
For the nine months ended December 31, Aditya Birla Nuvo had reported a standalone net profit of Rs 827.29 crore.
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