Gandhar Oil Refinery Resumes Operations at Silvassa Facility After Flooding Incident
Gandhar Oil Refinery (India) Ltd has confirmed that operations have resumed at its manufacturing facility in Silvassa, following a period of disruption caused by unprecedented heavy rainfall and flood-like conditions. The company is currently assessing the full impact of the weather event while closely monitoring the situation to achieve normalization of operations.The incident occurred at the company's facility located in Silvassa, Dadra and Nagar Haveli, U.T. - 396230. Gandhar Oil Refinery has taken immediate action to address the disruption, including initiating necessary cleaning, inspection, repair, and remedial measures at the site. The company also noted that it holds insurance coverage and had duly intimated the incident to the relevant insurance company.
Management is in the process of evaluating the complete impact resulting from the heavy rainfall and flood-like conditions previously experienced by the facility.
Details concerning the operational disruption and current status are provided below:
| Particulars | Details |
|---|---|
| Expected quantum of loss/damage caused | The Company is currently assessing the extent of loss or damage due to the heavy rainfall and flood-like conditions at its manufacturing facility in Silvassa. |
| Insurance coverage status | The incident has been intimated to the insurance company, and the company possesses necessary insurance coverage. |
| Estimated impact from strikes/lock outs | Not Applicable. |
| Steps taken for restoration and normalization of operations | Necessary cleaning, inspection, repair, and remedial measures have been completed at the manufacturing facility in Silvassa. Operations have resumed, and the situation is being closely monitored to ensure full normalization. |
GANDHAR Stock Price Movement
As of 2:25 PM, shares of Gandhar Oil Refinery (India) Limited are climbing higher to ₹239.06, propelled by a strong 3.2% gain over the day. The stock sees robust market activity, with over 2.05 million shares changing hands as it trades within its intraday range.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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