The fire was brought under the control with the help of fire brigades. There was no loss or injury to human life. The fire was widespread and has resulted in major damage to the building, machinery, raw material and finished goods, thereby disrupting the operations of Kanpur Polyester Staple Fiber Unit.
The Company is in process of ascertaining the actual loss caused by the fire and have informed the Insurance Company of the same. Further, the assets of the Company are adequately covered under insurance. The Company is taking adequate steps to ensure refunctioning of the Unit at the earliest.