Business Update12 Mar 2024, 11:58 pm
Solar Industries India Ltd. Reports Approximately Rs. 50 Lakhs Loss in Factory Explosion
AI Summary
Solar Industries India Ltd. has announced that an explosion occurred in their factory located at Chakdoh, Bazargoan, Nagpur, resulting in a loss of approximately Rs. 50 Lakhs. The incident took place in the packaging building of the factory. The Company stated that production and operations were unaffected, as the insurance policy cover the losses.
Key Highlights
- Explosion occurred at Solar Industries India Ltd.',
- Approximately Rs. 50 Lakhs loss reported.
- The incident occurred in the packaging building of the factory.
- Production and operations were unaffected.
- The Company has adequate insurance coverage.