In the coming days, the Company says that it will engage with all its valued stakeholders including customers, suppliers, employees and channel partners to implement the closure. The Company will continue to provide spares and service support for the fleet of Multix vehicles on the road.

The Company is grateful to the Government of Rajasthan for their support and encouragement in this journey.

As of December 31, 2017, EML had invested Rs. 289.50 Crores in EPPL. The sums invested so far, together with additional investments, as required to close down the operations, shall be written-down in accordance with the applicable regulations. During the year ended March 31, 2017, EPPL's net loss amounted to Rs. 91.83 Crore; 50% of which was consolidated with the Profit After Tax of EML.

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