Hinduja Foundries in BIFR

The promoters of Hinduja Foundries was referred to BIFR founded by the promoters -- Ashok Leyland and Hinduja Automotive -- said that the company was impacted due to three issues;


First the external, which relate to market conditions and power issue in the state of Tamil Nadu and Andhra Pradesh.
The second factor relates to internal processes, production and quality and ;
third factor was one time charge related to VRS and writing off loss as way of Bad debts.

It may be noted,

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