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


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

Related Stories

Gold Stories

Next Story
Real Estate

L&T Wins Mega Order for India’s Largest NVIDIA B300 AI Factory

Larsen & Toubro (L&T), through Vyoma.AI’s AI infrastructure subsidiary LTN Compute, has secured a mega order to develop what the company describes as India’s largest single-cluster AI infrastructure facility. The NVIDIA B300 AI Factory will support US-based AI cloud company Together AI’s platform for large-scale inference, fine-tuning and training workloads.The integrated AI Factory will be hosted at Vyoma.AI’s Chennai data centre campus and will have a capacity of 10,000 NVIDIA B300 GPUs. The platform will combine hyperscale data centre infrastructure, accelerated computing, h..

Next Story
Infrastructure Urban

Autodesk Elevates Nikhil Bagalkotkar to Lead AEC in India, SAARC

Autodesk has elevated Nikhil Bagalkotkar as Head – Architecture, Engineering and Construction (AEC), India and SAARC, with immediate effect.In his new role, Bagalkotkar will lead Autodesk's AEC business strategy across the region and drive adoption of the company's Design and Make platform. He will also focus on promoting digital design and construction technologies to help customers accelerate innovation and deliver more sustainable and resilient infrastructure.Bagalkotkar will be responsible for expanding Autodesk's AEC business, strengthening customer and partner engagement, and accelerat..

Next Story
Real Estate

Listed Developers' Pre-Sales Seen Rising 22.3 Per Cent in FY27

India's leading listed residential developers are expected to sustain strong sales momentum in FY27, with combined pre-sales of 11 major players projected to rise 22.3 per cent year-on-year, according to an analysis by ANAROCK Research & Advisory.Combined pre-sales of the developers are estimated to increase from Rs 1.49 trillion in FY26 to Rs 1.82 lakh crore in FY27. ANAROCK attributed the growth to sustained end-user demand, new project launches and strong execution despite higher property prices, construction costs and global uncertainties.Dr Prashant Thakur, Executive Director and Head..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement