Wistron estimates USD7.11 million loss from its riot-hit Kolar plant

Wistron estimates USD7.11 million loss from its riot-hit Kolar plant
  Tue, Dec 15 2020 08:01:08 PM
Bengaluru, Dec 15 (IANS): Apples iPhone maker Wistron Corporation has estimated the damage from violence at its Narsapura plant near Bengaluru on the last weekend to be around $7.11 million (Rs 52.4 crore).
"Unlike earlier reports stated, the violence did not cause any material damage to major manufacturing equipment and warehouses, with preliminary estimates of damages to be up to new Taiwan dollar (NTD) 100-200 million ($7.11 million)," said Wistron in a regulatory filing on the Taiwan Stock Exchange on Tuesday.
Noting that the company was assessing the damage in the facility, the filing said its India subsidiary was co-working with the government authorities and police officials on the investigation into the incident on December 12 in the Narasapura industrial area at Kolar, 55km east of this tech hub in southern Karnataka.

Related Keywords

Narasapura , Karnataka , India , Taiwan , Bengaluru , Srikanth Patil , Taiwan Stock Exchange On , Wistron Corporation , India Trade Union Congress , Teamlease Services Ltd , Wistron Infocomm Manufacturing India Ltd , Taiwan Stock Exchange , Infocomm Manufacturing , நரசபுரா , கர்நாடகா , இந்தியா , டைவாந் , பெங்களூரு , ஸ்ரீகாந்த் பாட்டீல் , டைவாந் ஸ்டாக் பரிமாற்றம் ஆன் , இந்தியா வர்த்தகம் தொழிற்சங்கம் காங்கிரஸ் , குழு வெளியீடு சேவைகள் லிமிடெட் , டைவாந் ஸ்டாக் பரிமாற்றம் , இன்பொக்கோம்ம் உற்பத்தி ,