Disruption23 Jul 2026, 05:10 pm
Ras Resorts Hotel Operations Disrupted by Silvassa Floods
AI Summary
Ras Resorts & Apart Hotels Ltd has announced a disruption in operations at its Silvassa hotel due to severe flooding. Incessant rainfall over 48 hours led to water release from a dam, causing the Daman Ganga River to flood the hotel premises. The company will provide updates on operational losses in due course. The natural calamity is adequately covered under the company's insurance policy.
Key Highlights
- Hotel operations in Silvassa disrupted by severe flooding.
- Flooding caused by heavy rainfall and river water release.
- Impact on operations and financial losses to be communicated later.
- The event is covered by the company's insurance policy.
Price Impact
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