Century Enka share price slumped by more than 9% during Thursday’s trading session after the Aditya Birla Group company announced to the exchanges that there was a fire at its NFY spinning facility in Bharuch, Gujarat, resulting in a temporary disruption of production at that plant.
No injuries or fatalities among individuals have been reported, and sufficient measures are being taken to restore the functioning of the plant.
“The fire was controlled at the time of communication to the exchange. However, production operation of the said plant is temporarily disrupted. There are no human injuries or casualties reported. Adequate steps are being undertaken to restore the operation of the plant. The company is in the process of ascertaining the cause of the fire and the actual loss caused by it,” said the company.
Additionally, the company has indicated that sufficient insurance coverage exists for the mentioned plant, and notification to the insurance provider is underway. This incident is not expected to significantly affect the company’s profitability.
