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Globus Spirits resumes operation at Bihar unit; Stock rallies 3.5%

The insurance amount claimed and realized by the listed entity for the loss/damage is Rs3.74cr.

December 13, 2021 12:13 IST | India Infoline News Service
Globus Spirits Ltd has informed that the company has resumed its operation of its plant located in Vill : Dhudhua, Tehsil : Jandaha, Dist: Vaishoai, Bihar which was temporarily disrupted owing to flooding and water logging of the factory premises caused by heavy rains since August 15, 2021.

Company said, "Once flood water receded to a workable level, remaining water was pumped out from working areas, to a reservoir. After damage assessment, plant and machinery was repaired in-house and with the help of external and internal experts".

Further, the insurance amount claimed and realized by the listed entity for the loss/damage is Rs3.74cr, it added.

At around 12:16 PM, Globus Spirits was trading at Rs1,371.95 apiece up by Rs45.35 or 3.42% on the BSE.

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