Precision Wires India Operations Impacted as Flooding Hits Silvassa Plants Due to Torrential Rains
Precision Wires India Ltd has reported partial impacts on its operations at the Silvassa plants following unprecedented heavy rains, leading to flooding and water logging across parts of the factory premises. The disruption occurred at the plant located in Silvassa, U.T. of D.N.H.The adverse operational impact was linked to torrential rainfall, with assessments currently underway regarding potential damages and resulting production loss. Over a 24-hour period, between July 22, 2026, and July 23, 2026 (8 am to 8 am), approximately 740 mm of rain was recorded in Silvassa. Additionally, an estimated 333 mm of rain had fallen in the region during the period spanning July 21 to July 22, 2026.
The company stated that it is taking adequate measures to ensure the safety of its equipment, materials, and all personnel at the facilities. Management is assessing the full extent of the damages and the effect on ongoing operations. Barring any unforeseen developments, Precision Wires India expects that the situation will begin gradually normalizing over the next few days.
The company confirmed that it is adequately insured with Industrial All Risk (IAR) cover regarding the potential damage sustained. While the plants are located at Amli Hanuman (66 KVA) Road, Silvassa, the full quantum of loss or production damage is still being ascertained and assessed by the company.
Key details concerning the impact assessment are summarized below:
| Particulars | Status / Details |
|---|---|
| Location | Amli Hanuman (66 KVA) Road, Silvassa - 396 230, U.T of D.D & D.N.H. |
| Cause of Disruption | Flooding and water logging due to unprecedented heavy rains in the region. |
| Loss/Damage Assessment | The company is actively ascertaining the extent of production loss and property damage caused by the disruptions. |
| Insurance Coverage | The Company is adequately insured with Industrial All Risk (IAR) cover. |
| Estimated Impact on Operations | The estimated impact has not yet been quantified and is currently under assessment. |
PRECWIRE Stock Price Movement
Shares of Precision Wires India Limited are edging higher to ₹373.35 as of 12:44 PM today, marking a positive 0.32% move in live trading. The equity has seen robust activity so far into the session, with 134,681 shares having traded against an intraday range that spans from ₹365.6 to ₹381.7.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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.