Kanco Tea Estates Hit by Severe Flooding

Kanco Tea & Industries Ltd has reported severe flooding in its Bamonpookrie and Mackeypore Tea Estates due to incessant rainfall and a cloudburst in neighbouring Nagaland. The Bamonpookrie estate has been significantly impacted, affecting labour quarters, staff quarters, factory, and other critical infrastructure. Production at the Bamonpookrie factory is currently halted. The Mackeypore estate has also seen its plantation areas and labour quarters affected, though plucking of green tea leaves is expected to resume tomorrow. The company is assessing the damage to determine the operational impact. Property and finished goods are insured, subject to deductibles and policy limits. Further updates will be provided.