<h1>Natural Calamity Disrupts Operations at Ras Resorts & Apart Hotels in Silvassa</h1>
Ras Resorts & Apart Hotels Ltd has reported a disruption of operations at its hotel located in Silvassa following severe weather conditions and flooding. The facility, which serves as a complete vacation and conference centre, has been affected by the natural calamity.
The operational halt resulted from incessant rainfall over the past 48 hours in Silvassa. Authorities released water from a dam into the Daman Ganga river, leading flood water to enter the hotel premises and causing disruptions to business activities at Ras Resorts.
The company confirmed that the natural calamity is adequately covered under its Insurance Policy.
An update regarding operational loss due to this natural event will be communicated in due course.
Stock Price Movement
Ras Resorts & Apart Hotels Ltd. finished the trading session on a positive note, settling at ₹56.50, which represents a 0.89% gain for shares. Throughout the day, the stock traded within an intraday range, moving between a high of ₹58.00 and a low of ₹54.00.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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