Massive Flood Damages Two Tea Estates; Production Halted at Bamonpookrie
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.6 pts less than Nifty Microcap 250 and 0.4 pts less than its Tea & Coffee peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Heavy flooding from a cloudburst and incessant rainfall in neighbouring Nagaland has severely damaged Bamonpookrie Tea Estate, affecting labour quarters, staff quarters, factory and other critical infrastructure. Plantation areas and labour quarters at Mackeypore Tea Estate are also affected. Production is currently halted at the Bamonpookrie factory pending water recede and damage assessment. Plucking of green tea leaves at Mackeypore will resume the next day. Property, finished goods stock and stores and spares are insured subject to deductibles and policy limits.
Factory at one estate shut, damage extent unknown until assessment; insurance covers property and stock subject to deductibles and limits, leaving some operational risk.