GHCL Textiles warehouse fire near Tuticorin; loss estimated at Rs 27 Cr
GHCLTEXTIL · price
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On the reaction day the stock moved 4.2 pts more than Nifty Microcap 250 and 4.7 pts more than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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GHCL Textiles reported a fire at one of its warehouses near Tuticorin Port. Estimated loss or damage to stock is about Rs 27 Crores based on preliminary internal assessment and ongoing insurance survey. No human casualties or injuries were reported. Production and ongoing operations remain unaffected. The warehouse structure and inventory are fully insured, and the company has already filed insurance claims.
Warehouse loss of about Rs 27 Cr is fully insured with claim filed. No production impact. Minor short-term sentiment drag likely.