Nandan Denim slips ~3% after disruption in operations at Piplaj due to fire incident

None of the workmen or other persons was injured or other casualty due to the fire accident.

Aug 10, 2020 10:08 IST India Infoline News Service

Nandan Denim Limited’s production in the spinning unit at Piplaj in Ahmedabad has been disrupted due to the fire incident on Saturday.
“This is to inform you that a fire broke out at the spinning unit of our factory located at Piplaj, Ahmedabad today morning around 4:30 AM,” company intimated the exchanges on Saturday.

The company reported that fire was brought under control within five hours of the incident. None of the workmen or other persons was injured or other casualty due to the fire accident.

Nandan Denim is currently trading at Rs19.40, down by Rs0.55 or 2.76% from its previous closing of Rs19.95 on the BSE.

“The production in the spinning unit has been disrupted due to the incident. The loss due to fire is not yet estimated. The activities at the spinning unit have not been resumed yet. We have already intimated the concerned departments and other statutory authorities about the fire accident,” company said.

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