Cosco India Notes Revision of Minimum Wages in Haryana Effective April 1, 2026
Cosco (India) Limited has reported on the upward revision of minimum wages in the State of Haryana. The revision, implemented by the Haryana Government Labour Department, significantly increases the basic minimum rates of wages for various employments.The change was formalized through Haryana Government Notification No. 2/25/26-2 Lab, dated April 9, 2026. The new rates are effective from April 1, 2026. Management noted that the basic minimum rates of wages have been revised or increased by approximately 35% compared to the previous rates.
Cosco (India) Limited maintains a factory and production unit in Gurugram, Haryana. Following the government notification, the company's management has taken note of the revision in labor standards.
While the unit is located in the affected area, the company stated that the exact financial impact resulting from the wage revision is yet to be quantified.
Stock Price Movement
Cosco India Ltd finished trading Wednesday at ₹186.85, marking a day decline of 3.24%. Throughout the session, the shares traded across a significant range, from a low of ₹183.30 up to a high of ₹199.00.Source:
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