For damanges due to distruption in operations at its factories in Gujarat
Remsons Industries provided update on developments with reference to the disruption in the operations at the Company's factories located at "Goodluck House, Survey No. 729/1, Ringanwada, Village Dabhel, Daman - 396210" and "Survey No. 146, Paria Road, Village - Khadki, Pardi-396121" at Gujarat. The Company intimated the quantum of damage at Rs 1.29 crore and has filed the same with the Insurance Company. The Insurance has released Rs 1.12 crore as full and final payment against the said estimate amount of damage. The plant is returning to normalcy in phases since 04 August 2016. The financial loss is Rs 17.25 lakh.Powered by Capital Market - Live News