Announced Thu, 23 Jul · 12:40 IST
Flooding at Silvassa plants hits Precision Wires operations
PRECWIRE · price
▲ 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
+0.1%1-day move
₹372.85
prior close
₹375.55
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.8-0.6-0.6-1.2+0.1+0.2————————
Up moveDown movePending
AI summary
Precision Wires India informed that operations at its Silvassa plants have been partially impacted due to flooding caused by unprecedented heavy rains. Roughly 740 mm of rain fell in 24 hours ending 23 July 2026, following 333 mm the previous day. The company is assessing production loss and property damage. Plants are insured under an Industrial All Risk cover. Operations are expected to normalize gradually over the next few days barring unforeseen developments.
Likely market impact
Short-term operational disruption; financial impact still being assessed. Insurance under Industrial All Risk policy may help limit losses.