3MINDIABSE3M INDIA LIMITEDHighNegative
Announced Fri, 24 Jul · 17:31 IST

Ahmedabad plant ops temporarily shut due to heavy rains

Capex & Operations View source PDF

3MINDIA · price

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Price reaction · full curve 14 horizons · vs prior close
1-day move
₹35600.00
prior close
₹35790.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.4-0.6-0.3-0.5
Up moveDown movePending
AI summary

3M India has temporarily suspended manufacturing at its Ahmedabad plant due to heavy rainfall and flooding. Water levels are receding and operations are expected to resume in a few days. The company is assessing any damage to assets, though all assets are adequately insured. 3M says other manufacturing locations have sufficient capacity, so no material impact on overall operations is expected.

Likely market impact

Short-term disruption at one plant; no material impact expected as other facilities have sufficient capacity. Assets are insured.