DCW Limited Restores Full Operations at Dhrangadhra Plant After Flooding Disruption
DCW Limited has confirmed that production activities have been restored to full operational capacity at its plant in Dhrangadhra, Gujarat, following a period of temporary suspension caused by flooding.The company stated that operations were temporarily suspended due to the factory premises experiencing waterlogging and flooding resulting from heavy rains at its facility located in Surendra Nagar District, Gujarat. DCW Limited has now successfully completed all restoration activities at the plant, and it is fully functional.
To restore normalcy after the natural calamity, several steps were undertaken. These actions included conducting a safety assessment that prioritized plant and employee security, initiating immediate repairs or modifications to infrastructure and equipment necessary for continuous processing, and implementing a temporary arrangement of pumps to drain the waterlogged areas. Furthermore, measures were put in place to protect inventory of both raw materials and finished goods, while working with suppliers to ensure critical raw materials could be secured and replaced.
The financial implications of the event have been assessed as follows:
| Financial Metric | Amount (Approx.) |
|---|---|
| Actual Damage Caused | ₹10 Crore |
| Insurance Amount Claimed/Realized | ₹10 Crore |
| Financial Loss on Production and Profitability | ₹9.1 Crore |
The completion of the restoration activities signifies that DCW Limited is back to full production capacity at its Dhrangadhra facility.
DCW Stock Price Movement
On Friday, DCW Limited stock rallied significantly, gaining 1.80% to settle at ₹44.73 in the market close. The equity traded on a volume of 1.82 million shares, remaining within a daily range established between ₹43.95 and ₹45.84.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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