3M India Suspends Operations at Ahmedabad Plant Due to Heavy Rainfall and Flooding
3M India Limited has temporarily suspended manufacturing operations at its Ahmedabad Plant following heavy rainfall and flooding in the region experienced over the past two days.The company reported that while water levels have started to recede, the full restoration of operations is expected to take several days. 3M India is currently assessing the extent of any damage sustained by the facility's assets. The company confirmed that all assets are adequately insured.
Management stated that they do not foresee any material impact on the company's overall operations. This assessment is based on the presence of sufficient manufacturing capacities available at 3M India in other locations.
3M India continues to closely monitor the situation and will provide timely updates regarding the resumption of normal manufacturing activities at the affected plant.
3MINDIA Stock Price Movement
Today, shares of 3M India Limited gained by 1.29%, settling at ₹35,500 after the close. The stock traded robustly during the session, with a volume of 2,736 shares recorded.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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