Gandhar Oil Refinery Reports Silvassa Plant Operational Disruption Following Heavy Rains and Flooding

Gandhar Oil Refinery (India) Limited (BSE: 544029, NSE: GANDHAR) has formally notified the stock exchanges regarding a temporary disruption at its Silvassa manufacturing facility caused by severe waterlogging and flash flooding following heavy rainfall over the past 48 hours.

Key Highlights of the Disclosure

Location Affected: Unit No. 2, Plot No. 2, Survey No. 678/1/3, Village Naroli, Silvassa, Dadra & Nagar Haveli (U.T.).

Cause of Disruption: Unprecedented heavy rainfall leading to regional flooding and waterlogging across Silvassa.

Assessment Status: The management is actively evaluating the potential impact on assets, plant operations, and overall production capacity.

Insurance Coverage: The company confirmed that it holds adequate insurance coverage for such risks and has already formally notified the insurance provider.

Mitigation & Restoration: Containment and recovery efforts are underway to restore regular plant operations safely and at the earliest possible timeline.

"The extent of the impact is being evaluated, and appropriate measures are being taken to restore normal operations at the earliest. The Company will keep the stock exchanges informed of any material developments." - Gandhar Oil Refinery (India) Limited.

Shares of Gandhar Oil Refinery India Limited was last trading in BSE at Rs. 283.20 as compared to the previous close of Rs. 282.20. The total number of shares traded during the day was 1609235 in over 20332 trades.

The stock hit an intraday high of Rs. 303.20 and intraday low of 275.70. The net turnover during the day was Rs. 464569240.00.

Source : Equity Bulls

Keywords

GandharOilRefineryIndia Lubricants INE717W01049 TemporaryDisruption Silvassa ManufacturingFacility Waterlogging Flooding