Oil Country Tubular Ltd (OCTL), India’s lone manufacturer of import substitute range of products for oil and gas drilling operations will be moving out of Telangana. OCTL has manufacturing facility in Narkatpally, Nalgonda district. The company is in deep trouble for the last 16 months with rising violent attacks and disruptions by workers claiming support of ruling Telangana Rashtra Samithi (TRS).
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Citing frequent disruptions to operations and damages to critical equipment by a section of disobedient workforce, the company took disciplinary action on them. But Telangana Labour minister, Nayani Narasimha Reddy forced the management to pay huge unreasonable compensation to workmen indulged in violent acts, apart from taking unruly workmen back.
The workers attacked and killed the company’s key managerial personnel, Mastan Rao. Despite several requests, Telangana government did not do anything to control the unruly work force. The company had informed the stock market that it will shut its operation and is likely to move out of the state. The company currently employs over 700 persons in and around Narkatpally in Nalgonda district of Telangana. This will also send a bad signal to the investors about the state.
