The firm locked out the factory over the weekend, after clashes earlier in the week left a company official dead and 85 injured.
Its shares dropped 5% to 1,086 Indian rupees at the Bombay Stock Exchange.
The violence follows months of difficult labour relations.
"We cannot start production due to a danger to life and safety," said R C Bhargava, chairman of the firm. "We will not endanger our people any further."
"How long it will take? 10 days? 15 days? I don't know," he added.
"We'll put all our resources to study and help the authorities but... I cannot say when we will be able to restart the plant."
Source & Image : BBC
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