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Mahindra CIE to close business of Stokes Group

On October 17, Mahindra CIE informed that its board agrees with the proposed closure of Stokes within a period of next two years.
Sales and profit of Stokes has ramped down considerably and old projects are close to end of life. The business of Stokes is reliant on the British market which does not have sigruficant ....

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