The board of Kennametal India has put on hold plans of modernisation, expansion and relocation of its manufacturing operations. It is now reassessing the project cost, financial feasibility, delay and uncertainty after considering the change in policy for allotment of land. It also decided to withdraw the application filed with Karnataka Industrial Area Development Board seeking allotment of industrial land.
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.