Comments
B Swaminathan has resigned as Managing Director of Hinduja Foundries with effect from July 17. He also ceases to be a Director of the company, Hinduja Foundries said in a stock exchange notification. The company reported a loss of Rs 32.83 crore for the first quarter this year, compared to a loss of Rs 93.76 crore the previous corresponding quarter. Its total income rose 25 per cent to Rs 174.30 crore (Rs 138.89 crore). Hinduja Foundries, which is reeling under accumulated losses, reported to the Board for Industrial and Financial Reconstruction in December last year.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.