Flooding at Silvassa plants hits Precision Wires operations
PRECWIRE · price
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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.
Short-term operational disruption; financial impact still being assessed. Insurance under Industrial All Risk policy may help limit losses.