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S&P
BSE SENSEX
72,978.18
-421.60
-0.57 %
Corporate Announcement
Security Code
531120
Company
Patel Engineering Ltd
Exchange Received Time
29/05/2020 11:52:13
Exchange Disseminated Time
29/05/2020 11:52:20
Time Taken
00:00:07
Announcement under Regulation 30 (LODR)-Strikes /Lockouts / Disturbances |
5/29/2020 11:52:17 AM
In view of the emergency situation arising due to spread of Novel Corona virus (COVID-19) and to support the lock down initiative(s) taken by the Central/State Government authorities in various states / district across India, to contain the spread of COVID-19, we wish to inform
that the operations at majority of the Project Sites of the Company has been temporarily shut-down.
Further, the Company has been taking necessary precautionary measures at all its Project sites against the spread of COVID-19 as advised by the Government from time to time. The Company has also followed "Work from Home" policy for its employees.
In this evolving situation, the overall adverse impact on the operations of the Company is not immediately assessable. We are closely monitoring the situation and would take necessary actions as might be required in the then prevailing circumstances. Currently, the process of remobilizing of few sites has started, as per the prevailing guidelines in the respective states.
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