Fire in Sintex Industries' Plastic Division at Kalol (N.G.)

Sintex Industries Ltd has announced that a fire broke out in the meter box storage godown in Plastic division at Kalol (N.G.) on June 11, 2007 night.

The exact cause of fire could not be identified. As per preliminary estimation, the loss due to the fire would be around Rs 2.50 to 3.00 cr. As all Company's properties are adequately insured, no financial loss is envisaged. There is no impact on the production and working of the Plastic division due to the above.

The Company has already lodged claim with insurance Company.

The stock closed the day at Rs.243.50, up by Rs.6.05 or 2.557%. The total traded quantity was 288341 compared to 2 week average of 355965. The stock hit an intraday high of Rs.249.80 and low of Rs.237.05.

Source : Equity Bulls

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