Dunlop ready to start commercial operations

 Pawan Kumar Ruia, Chairman, Dunlop India Limited speaks during 82nd Annual General Meeting of the company, in Kolkata on Saturday. PTI

The unit is partially open now for maintenance and only 250 workers out of some 1,100 are engaged.
The suspension of work was lifted on March 6 after three months of complete halt of production.
Ruia said he was expecting the Calcutta High Court's verdict next Monday or Tuesday on the issue of power dues.
He said, the company has asked for a time of two years to repay the electricity dues till the company is able to come out of wood.
Ruia says the claim of power dues by the West Bengal State Electricity Board fell on him though it was accumulated prior to his acquisition. He, however, said Dunlop had sought two years to repay.
The total claim was of about Rs 15 crore, out of which close to Rs two crore had been paid.
Meanwhile, Ruia said, in a bid to reopen the Ambattur factory, closed since early 2008, the management would soon sign a three-year wage agreement with its 700 odd workers.

The company was outsourcing its products to the tune of 20 tonne per day to supply in the market and may double it shortly. Outsourcing from other countries like China was also on the radar.
About the re-listing of the company's shares and the open offer Ruia said, "re-listing was expected in two months and revised pricing for open offer was being done by independent consultant Delloite".

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