Hot Pursuit     21-Sep-23
Apollo Tyres slips after labour disputes halt production at Limda facility
Apollo Tyres fell 2.47% to Rs 369.55 after the Bias and OTR tyres production at its manufacturing facility in Limda, Gujarat has been stopped due to certain concerns amongst shop floor employees relating to renewal of long-term settlement agreement.
The company said that it is in discussions and negotiations with the labour union representatives to address their concerns and find an amicable resolution.

While the company is monitoring the situation closely, there are plans in place to mitigate any supply disruptions.

Apollo also added that this situation has no material impact on the company's operations at this stage.

Apollo Tyres is an international tyre major with manufacturing units in India, the Netherlands and Hungary.

The tyre maker reported 123.79% surge in consolidated net profit to Rs 396.91 crore on 5.1% rise in revenue from operations to Rs 6,244.58 crore in Q1 FY24 over Q1 FY23.

Previous News
  Apollo Tyres standalone net profit rises 53.62% in the June 2022 quarter
 ( Results - Announcements 13-Aug-22   08:29 )
  Apollo Tyres consolidated net profit rises 155.27% in the December 2020 quarter
 ( Results - Announcements 04-Feb-21   08:26 )
  Apollo Tyres consolidated net profit rises 30.67% in the December 2022 quarter
 ( Results - Announcements 03-Feb-23   07:35 )
  Apollo Tyres consolidated net profit declines 43.12% in the September 2019 quarter
 ( Results - Announcements 06-Nov-19   09:59 )
  Apollo Tyres to resume operations of its plant at Perambra, Kerala
 ( Corporate News - 20-May-21   20:31 )
  Apollo Tyres appoints director
 ( Corporate News - 06-Aug-20   10:28 )
  Apollo Tyres Q1 PAT soars to Rs 397 cr
 ( Hot Pursuit - 11-Aug-23   10:17 )
  Apollo Tyres consolidated net profit declines 7.31% in the March 2020 quarter
 ( Results - Announcements 20-May-20   08:01 )
  Volumes jump at Prince Pipes & Fittings Ltd counter
 ( Hot Pursuit - 08-Nov-23   14:30 )
  Board of Apollo Tyres appoints director
 ( Corporate News - 26-Mar-19   17:43 )
  Apollo Tyres Ltd up for five straight sessions
 ( Hot Pursuit - 01-Nov-19   13:00 )
Other Stories
  ITD Cementation hits record high on bagging Rs 1,082-cr marine contract in Gujarat
  26-Jun-24   16:05
  Inox Green hits record high as board OKs raising Rs 1,050-cr via preferential issue
  26-Jun-24   15:37
  MIC Electronics hits the roof after receiving letter of completion from Ratlam railway
  26-Jun-24   15:17
  C.E. Info Systems Ltd leads losers in 'A' group
  26-Jun-24   15:00
  White Organic Retail Ltd leads losers in 'B' group
  26-Jun-24   14:45
  Zee Media jumps as board approves to raise upto Rs 200 cr
  26-Jun-24   14:36
  SBI raises Rs 10,000-cr via long term bonds
  26-Jun-24   14:32
  Volumes jump at CESC Ltd counter
  26-Jun-24   14:30
  Metal shares slide
  26-Jun-24   14:00
  Real Estate shares slide
  26-Jun-24   14:00
Back Top