Fire incident at Gandhia plant of Royal Cushion Vinyl Products Limited

On June 25, 2024, at around 4 am IST, a minor fire occurred at Garadhia Plant located at Plot No. 55, Village Garadhia, Taluka Savli, Vadodara- 391520. This particular machinery was producing one of the material which is used in finished product.

The fire was controlled, but production operation of the said machinery will be temporarily disrupted for 10 to 15 days. There were no human injuries or casualties reported. Adequate steps are being undertaken to restore the operations. The Company is in the process of ascertaining the cause of the fire and the actual loss caused by it. The intimation to the Insurance Company and other authorities has already been made.

Shares of ROYAL CUSHION VINYL PRODUCTS LTD. was last trading in BSE at Rs. 44.74 as compared to the previous close of Rs. 47.00. The total number of shares traded during the day was 8799 in over 58 trades.

The stock hit an intraday high of Rs. 48.98 and intraday low of 44.65. The net turnover during the day was Rs. 403916.00.

Source : Equity Bulls

Keywords

ROYALCUSHIONVINYLPRODUCTS INE618A01011 FireIncident GaradhiaPlant