Precision Wires India Silvassa Plants Impacted by Heavy Rains

Precision Wires India Ltd has informed that its plants in Silvassa have been partially impacted due to flooding caused by unprecedented heavy rains. Approximately 740 mm of rain was recorded between July 22-23, 2026. The company is assessing the extent of damage and its effect on operations. While the situation is expected to normalize gradually in the coming days, the exact impact on production and property is yet to be quantified. The company has confirmed that it is adequately insured with Industrial All Risk (IAR) cover and is taking measures to ensure the safety of equipment, materials, and personnel. Further updates will be provided on significant developments.