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| Exchange Disseminated Time | With reference to the earlier letter dated October 15, 2014, Andhra Petrochemicals Ltd has informed BSE about the additional information with regard to continuation of shut-down of the Plant due to recent cyclone at Visakhapatnam:
"1. Extent of Damage caused: Cooling Tower was partially damaged and there are some damages to Compound Wall, Street Lights, Top Roof AC Sheets of various Plant Buildings, Instrumentation/Mechanical/Electrical Items, Laboratory Items, Computers, breakage of windows & doors glasses, false ceiling of office buildings etc. As a result of this recent cyclone, production loss would be around 150 MTs per day for the extended period of shut-down.
2. Value of Insurance cover: We have Insurance Coverage vide Policy dated June 30, 2014 with M/s New India Assurance Co. Ltd., for a value of Rs. 335.29 crores valid upto June 29, 2015 with STFI & Earthquake addon covers with Reinstatement clause and Agreed Bank Clause.
3. Value of Assets Damaged - Preliminary Insurance Claim has been lodged for Rs. 4 crores.
4. Time required to restore normalcy - Three to four weeks to restore normalcy." |
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