Fiem Industries shares fell over 3% in early morning trade today after the company reported a fire incident at its Unit-8 facility located at Plot No. SP1-C, Industrial Area Tapukara, Alwar, Rajasthan. As of 9:31 AM, the shares were trading 2.97% lower at Rs 1,995.60
On August 23, the company shared on exchanges that the fire broke out earlier in the afternoon and was swiftly brought under control with the help of local fire tenders. Importantly, the company confirmed that no injuries or loss of human life were reported.
According to the filing, the incident led to damage in certain buildings, plant and machinery, stocks, and office furniture at the unit. However, Fiem Industries stated that all its assets are adequately insured, and the exact assessment of the financial impact is currently underway.
The management assured that necessary steps are being taken to restore operations at the affected unit at the earliest. Insurance claims have already been initiated to cover the losses.
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