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| Exchange Disseminated Time 01/12/2016 13:40:14 | With reference to the earlier letters dated September 26, 2016 and September 27, 2016 relating damage to 132KV power transformer and other electrical equipment installed at the Company's Visakhapatnam plant due to heavy rains and flood.
In this regard, Maithan Alloys Ltd has now informed BSE that said transformer is still under repair. The cost of repair is estimated to be around Rs 71.52 lacs. The transformer is likely to be received back from the repairer in January 2017.
The damage has full insurance coverage. |
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