Announced Fri, 24 Jul · 22:41 IST
Silvassa plant hit by severe flooding; operations being assessed
Capex & Operations View source PDF
GANDHAR · price
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Price reaction · full curve 14 horizons · vs prior close
—1-day move
₹281.53
prior close
₹279.00
base price
After-mkt
timing
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-4.6-6.3-7.8-8.2——————————
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AI summary
Gandhar Oil Refinery's manufacturing plant at Silvassa in Dadra and Nagar Haveli was affected by flood-like conditions after unprecedented heavy rainfall over the last 48 hours. The company is assessing the impact on assets, operations, and production. The unit has adequate insurance coverage and the incident has been reported to the insurer. Restoration of normal operations is underway.
Likely market impact
Operations at the Silvassa unit disrupted by floods; financial and production impact being assessed. Insurance coverage is in place to cushion losses.