Oil Country Tubular Limited, which is a processor of a wide range of Oil Country Tubular Goods required for the Oil Drilling and Exploration industry has decided to move some of its facilities out of Narketpally branch, near Hyderabad,Telangana , where a labour strike is under way since one month.
The company, is considering one of its options for relocating its facilities to Nellore keeping in view of the future expansion and proximity to Krishnapatnam Port.
The board has discussed the prevailing power shortage and other operational factors and decided that the company should look at the options to relocate few of its facilities where it can immediately go into operations in short period. The company is looking for the relocation place where there is availability of power, water and infrastructure in close proximity to ports
The company has taken this decision where a labour strike is under way from a month by a section of employee unions which has caused damage to the company business and prospects.