Octl To Shut Operations In Telangana

[BuzzShah]

Oil Country Tubular to shut operations, may relocate unit from Telangana

OCTL), India's lone manufacturer of import substitute range of products for oil and gas drilling operations, has decided to shut down operations owing to 'alarming serious situation' after a top executive was killed by unruly workers in a rampage.

After a hiatus of 16 months, the Hyderabad headquartered firm is reviving its plan to relocate manufacturing facilities lock, stock and barrel from Telangana with rising violent attacks and disruptions by workers claiming support of ruling Telangana Rashtra Samithi (TRS).
The drastic step by OCTL, part of Rs 5,000 crore Kamineni group with interests in healthcare and medical education, could render hundreds of families jobless. The company currently employs over 700 persons in and around Narkatpally in Nalgonda district of Telangana. In all, the group provides employment to nearly 5,000 persons directly and another 6,000 indirectly.
Top Telangana lawmakers are now worried that the extreme step of the company could send adverse signals to the investors' community in the domestic and overseas markets on the industrial environment in India's newest state.
The OCTL Managing Director Sridhar Kamineni informed stock market regulators that the Telangana ministers of home & labour and industries had forced the management to pay huge unreasonable compensation to workmen indulged in violent acts, apart from taking unruly workmen back.
Citing frequent disruptions to operations and damages to critical equipment by a section of disobedient workforce that claimed affiliation to the ruling TRS party and struck work illegally, the OCTL board had in December 2014 looked at relocating facilities.
The company said it had informed the top Telangana government lawmakers and ministers of home & labour and industries on a regular basis on the alarming level of threats by disorderly workforce to the managers and staff on duty. It told the regulators that it had urged the Telangana government several times "to take appropriate firm actions to protect the lives of the company's personnel and properties" but in vain.
The OCTL Managing Director Sridhar Kamineni said despite their frequent apprehensions on the safety of personnel and property from unruly workforce, they were advised by the ministers of home & labour and industries to take back the suspended workers.
"The company was advised to pay huge amounts of unreasonable compensation to the workmen who indulged in violent activities and grade misconduct, upon their dismissal after proper enquiry," said Sridhar. "The company reluctantly agreed to take the other workmen based on the assurances of the Minister of Home & Labour and Industry Minister for the good conduct of the workmen despite fears from the management about their violent behaviour and threats to the mangers, engineers and staff safety of the plant and machinery."
Though the workmen reported for duty from September last year, their "indiscipline and threats continued" that ultimately culminated in a "dastardly pre-planned attack on key managerial personnel", Mastan Rao, who succumbed to grievous injuries.
Claiming that "more key personnel are under veiled and direct life threats," the OCTL managing director said "the company has no option but to shut down the operations."

When contacted, the Telangana power minister G. Jagadish Reddy, who is the minister from Nalgonda district, contended that the latest violent attack on the OCTL's top executive should be seen as an isolated incident that may not have been connected to the labour unrest at the company. "We have ordered stern action on the culprits and the police have already arrested those responsible," he told ET.
Condemning the violent acts of unruly workforce, Congress' chief official spokesperson Sravan Dasoju urged the government not to tolerate hooliganism in the name of trade unionism. Sravan, who had assisted the TRS president and Telangana Chief Minister K Chandrasekhar Rao in making a presentation to the prospective investors in September 2010, said industrial unrest would be detrimental to the interests of the newest state. "The present attitude of the ruling party does not reflect the self-proclaimed investor-friendly climate and they need to correct their cadre and leaders who are obstructing the industrialisation."
Refuting these charges, Jagadish Reddy said the TRS government was keen on not only attracting new investors but also retaining the existing investors. "Many of the TRS ministers took a lot of initiatives to resolve the labour unrest issue at OCTL."

 

http://economictimes.indiatimes.com/industry/energy/oil-gas/oil-country-tubular-to-shut-operations-may-relocate-unit-from-telangana/articleshow/51118133.cms?from=mdr&utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

[ITeachSQLServer]

LOL PULKA....NO PRBLEM

[sattipandu]

this is a serious matter to be looked into

[JANASENA]

[andhravodu]

this is a serious matter to be looked into

 

Madagascar: SHUT DOWN EVERYTHING
 

[idi_Bezawada]

Androlla kutra

[mustang302]

LOL PULKA....NO PRBLEM 

yes..oka capsicum crop aesthae vasthai aa chillara danlo work chesthae 5K workers ki..!!

[ITeachSQLServer]

yes..oka capsicum crop aesthae vasthai aa chillara danlo work chesthae 5K workers ki..!!

 

agreed

[mustang302]

ila blackmail chesi ekkuva subsidies kottestharu final ga state nunchi

[adwitiya_original]

But y

[Feelingbad]

Inka chestnnaaraa TRS vaallu ilaa.....?  :3D_Smiles:

[dalapathi]

Aah company AGM ni champesinru ata employees :3D_Smiles:

[BuzzShah]

LOL PULKA....NO PRBLEM

http://www.andhrafriends.com/topic/662498-35-shut-down-industries-revived-ap/

 

ikada comment chesav kada....anta kadupu manta eanduku ma medha..

[mustang302]

Aah company AGM ni champesinru ata employees :3D_Smiles:

GM ni kooda samputham..any frblemsma oil maggavalae..!!

[RangeRover]

Erri P gallu... aa Jagadish Reddy gaadni teesi10gaali.... aa Komati brothers TRS ki vaste Nalgonda ki good days vastaai ...