Plastic unit at Vasona halted due to heavy rain flooding
JAICORPLTD · price
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On the reaction day the stock moved 1.5 pts less than Nifty Microcap 250 and 2.1 pts less than its Plastic Products - Industrial peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Jai Corp's plastic processing unit at Vasona, Silvassa stopped operations on July 23 due to flooding from heavy rains in the area. The company is currently assessing the production loss and property damage. The unit is adequately insured. Safety of equipment, material, and personnel has been ensured. Operations are expected to normalize gradually over the next few days, subject to weather improvement.
Short-term production loss at one plastic unit; financial impact still being assessed. Company is insured, operations likely to resume soon. Limited near-term effect.