PG Electroplast Ltd has informed BSE that the Company is having a manufacturing unit at Roorkee where the Company has been manufacturing CTVs for LG Electronics Pvt. Ltd among other products. During the current year LG Electronics has decided to discontinue manufacturing of conventional picture tube colour televisions as a global policy. Due to this Companys manufacturing activity of CTVs being manufactured for LG Electronics is discontinued and the Company will lose an annual turnover close to Rs. 100 Crores.
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