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| Exchange Disseminated Time | Tide Water Oil (India) Ltd has informed BSE that a fire occurred at the third party consignment depot of the Company at Ahmedabad on April 09, 2015.
Stock of lubricants worth Rs. 1.35 Crores approximately had been damaged. The entire stock was covered by insurance, hence process of lodging claim with the insurance company initiated.
To restore normalcy in operations, the Company has initiated steps for making interim supply of goods from its other depots in Gujarat.
The information is furnished after a week in view of ascertainment of necessary data, as required to be furnished and interim holidays in West Bengal, being the State where the registered office of the Company is situated, on account of Bengali New Year and, holidays declared under Negotiable Instrument Act, 1881. |
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