Fire incident at Fine Organic Industries Limited's plant

Today morning on January 18, 2024, a fire incident occurred in a plant adjacent to the small manufacturing plant of Fine Organic Industries Limited situated at Plot No. W-124-A, Khervai MIDC, Badlapur (E) - 421503, Maharashtra. The fire was spread to our above-mentioned plant and its operations were impacted.

The fire was successfully contained within a minimal timeframe, but operations of the said plant are temporarily disrupted. The Company is in the process of ascertaining the actual loss caused by the fire. Fortunately, there has been no loss to human life at our plant. The Company is taking all the adequate steps to ensure refunctioning of the plant.

There is adequate insurance coverage for the said plant. The intimation to Insurance Company has already been made.

Shares of Fine Organic Industries Limited was last trading in BSE at Rs. 4560.50 as compared to the previous close of Rs. 4602.75. The total number of shares traded during the day was 6698 in over 2045 trades.

The stock hit an intraday high of Rs. 4616.40 and intraday low of 4500.40. The net turnover during the day was Rs. 30499393.00.

Source : Equity Bulls

Keywords

FineOrganicIndustries INE686Y01026 FireIncident Baldapur MIDC Plant