Announced Mon, 20 Jul · 16:52 IST

Massive Flood Damages Two Tea Estates; Production Halted at Bamonpookrie

Plant Fire AccidentCapex & Operations View source PDF

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close
-3.2%1-day move
₹49.49
prior close
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-3.2-6.0-4.7+0.8+0.2
Up moveDown movePending
AI summary

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.

Likely market impact

Factory at one estate shut, damage extent unknown until assessment; insurance covers property and stock subject to deductibles and limits, leaving some operational risk.