Business Standard

MSP Steel & Power intimates of fire accident in steel plant

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Capital Market

At Jamgaon, Raigarh

MSP Steel & Power announced that there was a fire accident in the turbine of the one unit of the Power Plant, which is situated inside the integrated steel plant at Jamgaon, Raigarh. This turbine is to be repaired by the Company, which will take 2 to 3 months of time. Rest units of power plant division of the Company were not affected and are under operation.

Fortunately, there has been no loss or injury to human life. The fire was controlled within the time causing the least effect of plant & machineries. However, the Company is in the process of ascertaining the actual loss caused by the fire. All the machineries are adequately insured.

 

The fire did not spread to the main plant. All divisions of the Company have resumed operation after temporary shutdown.

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First Published: Jul 01 2016 | 12:47 PM IST

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