Varroc Engineering intimates of fire accident at subsidiarys plant in Pune

Varroc Engineering intimates of fire accident at subsidiarys plant in Pune

Feb 18, 2020 06:02 IST capital market

Varroc Engineering announced that fire occurred at Varroc Lighting Systems India, subsidiary of the company, plant located at Hinjewadi, Pune. The Plant manufactures lighting products for four wheelers in India and contributes 2.0% to the consolidated revenue of Varroc Engineering.

The fire incidence took place outside the manufacturing block, which then spread to packaging area and resulted into a fire outbreak. There are no human casualties reported. The Company is in the process of ascertaining the actual cause of fire and the loss caused by it. Adequate steps are being undertaken to ensure customer service at the earliest.

Powered by Capital Market - Live News

Related Story