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Exchange Disseminated Time | Orient Press Ltd has informed BSE that a major fire broke out at the Company's factory located at Silvassa at 297/1/P Dongar Pada, Village Sayli, Silvassa, Dadra & Nagar Haveli in the Carton Division of the Company on April 25, 2008. The exact estimate of the loss of the Fixed Assets and stocks is being worked out, but at present it is estimated that Company suffered a loss of Rs 15 crores by damaging building, plant and machinery, other fixed assets and stocks which is fully covered by the insurance. It is expected that it may take 6 months to restore the normalcy in production. |
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