Covid-19 second wave: Corporate firms in Gujarat shut headquarters
ECONOMY & POLICY

Covid-19 second wave: Corporate firms in Gujarat shut headquarters

As the second wave of Covid-19 hits industries across the country, several corporate firms in Gujarat have now shut their headquarters and are resorting to the work from home policy, considering the rising number of coronavirus cases in the state.

Business conglomerate Adani Group has decided to close its headquarters on the Sarkhej-Gandhinagar Highway and asked all employees to work from home. Sources told the media that a couple of buildings, which house the Adani Group’s headquarters, in the Shantigram township would remain closed till next Monday. The newly built headquarters have nearly 5,000 employees. The sources said many of the employees live in the township. With nearly 100 cases surfacing inside the township, the management decided to shut the offices for a week.

Torrent Group, another Ahmedabad-based conglomerate, has also closed its headquarters and asked all employees to work from their homes. Executive Director of Torrent Group, Jayesh Desai, informed the media that the decision was taken to protect employees from the coronavirus infection.

According to Desai, Torrent Group’s plants continue to be operational, and technical and other staff working at plants are following the necessary safety protocols. The group’s core businesses of gas, pharmaceuticals and power are managed from its headquarters.

India’s biggest private sector company, Reliance Industries (RIL), is headquartered in Mumbai, but most of its business interests including one of the biggest crude oil refineries in Asia, are located in Gujarat. RIL has converted two townships adjoining its crude oil refineries at Jamnagar and Vadodara into fortresses. According to RIL, no outsiders are allowed to enter the townships till further notice.

The $550 million Ahmedabad-based Meghmani Group has also shut its headquarters in Prahlad Nagar. Ashish Soparkar, Managing Director of Meghmani Organics, a flagship company of the group, said the management has asked around 200 employees from headquarters to work from home till further notice.

Image Source


Also read: Covid second wave: Railways starts oxygen trains with ro-ro facilities

Also read: Covid second wave: Airlines seek financial assistance from govt


"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

As the second wave of Covid-19 hits industries across the country, several corporate firms in Gujarat have now shut their headquarters and are resorting to the work from home policy, considering the rising number of coronavirus cases in the state.Business conglomerate Adani Group has decided to close its headquarters on the Sarkhej-Gandhinagar Highway and asked all employees to work from home. Sources told the media that a couple of buildings, which house the Adani Group’s headquarters, in the Shantigram township would remain closed till next Monday. The newly built headquarters have nearly 5,000 employees. The sources said many of the employees live in the township. With nearly 100 cases surfacing inside the township, the management decided to shut the offices for a week. Torrent Group, another Ahmedabad-based conglomerate, has also closed its headquarters and asked all employees to work from their homes. Executive Director of Torrent Group, Jayesh Desai, informed the media that the decision was taken to protect employees from the coronavirus infection. According to Desai, Torrent Group’s plants continue to be operational, and technical and other staff working at plants are following the necessary safety protocols. The group’s core businesses of gas, pharmaceuticals and power are managed from its headquarters. India’s biggest private sector company, Reliance Industries (RIL), is headquartered in Mumbai, but most of its business interests including one of the biggest crude oil refineries in Asia, are located in Gujarat. RIL has converted two townships adjoining its crude oil refineries at Jamnagar and Vadodara into fortresses. According to RIL, no outsiders are allowed to enter the townships till further notice. The $550 million Ahmedabad-based Meghmani Group has also shut its headquarters in Prahlad Nagar. Ashish Soparkar, Managing Director of Meghmani Organics, a flagship company of the group, said the management has asked around 200 employees from headquarters to work from home till further notice. Image Source Also read: Covid second wave: Railways starts oxygen trains with ro-ro facilities Also read: Covid second wave: Airlines seek financial assistance from govt

Next Story
Infrastructure Urban

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Next Story
Infrastructure Transport

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Next Story
Infrastructure Transport

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement