Gravita India Limited updates on damage due to Cyclone Biparjoy

Due to "Cyclone Biparjoy" which is widely reported by the India Meteorological Department, the Mundra plant of the company has been impacted. The company operations were already suspended as a precautionary measure from Government Authorities.

Further, the cyclone has damaged some parts of the plant and operations of said plant has been suspended for few days to protect the people and the assets of the Company. Overall damage will be assessed once weather conditions normalize.

The company has full insurance coverage for this and the same has been informed to Insurance Company also.

Shares of Gravita India Limited was last trading in BSE at Rs. 598.30 as compared to the previous close of Rs. 601.45. The total number of shares traded during the day was 11972 in over 623 trades.

The stock hit an intraday high of Rs. 609.85 and intraday low of 594.90. The net turnover during the day was Rs. 7199213.00.

Source : Equity Bulls

Keywords

GravitaIndia INE024L01027 MundraPlant Impact CycloneBiparjoy