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3M India Ltd reports consolidated Q4FY21 PAT of Rs 70 46 crore
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Apar Industries Ltd leads losers in A group
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Benchmark NSE Nifty index was trading 145.30 points down at 14885.65 on Monday on account of selling in frontline bluechip counters.
Among the stocks that touched their 52-week highs on NSE were: 3M India, Deepak Fertilizers, Dixon Technologies, Honeywell Automation India, K.P.R. Mill, Oil India, Orchid Pharma, Sundram Fasteners, Vaibhav Global, Vardhman Textiles, Lakshmi Machine Works and Reliance Home Finance.
Overall, 12 shares were trading in green in Nifty50 index, while 38 were trading in red in the afternoon trade.
In the Nifty 50 index, Tech Mahindra, PowerGrid, TCS, HCL Tech and Nestle India were among top gainers, while Bajaj Finserv, Coal India Ltd, Axis Bank, Adani Ports SEZ and GAIL were trading in red.
3M India to consolidate its Pune facilities at Ranjangaon
February 11, 2021
3M India plans to consolidate its Pune manufacturing facilities at Ranjangaon.
The company said it has taken the decision to consolidate its Pune plants into a single facility at Ranjangaon, Pune and discontinue production at its Pimpri facility during the quarter October-December 2021.
At present,the Pimpri facility is owned and managed by 3M Electro & Communication India Private Ltd, a 100 per cent subsidiary of 3M India Ltd.
These actions will enable 3M to operate more efficiently, simplify supply chains, leverage scale, and enhance customer support. The company has taken care and consideration to offer employment to all workmen in Pimpri at the Ranjangaon plant. 3M will work closely with employees and all stakeholders for a smooth transition.
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