JPFL Films, a subsidiary of Jindal Poly Films (NSE:JINDALPOLY, BOM:500227), reported a fire incident at its Nashik factory in
Maharashtra, India, temporarily disrupting production, according to a Wednesday filing to the Indian stock exchanges.
The cause of the fire and the actual loss caused by it will be assessed in due course by the company.
The company said it has adequate insurance coverage for the plant and has informed the insurance company about theincident.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.