Coromandel International expects delay in resumption of production at its Visakhapatnam unit. The company expects the production to commence by end of this week. This is due to delay in restoration of the power supply.
The power supply has been partially restored for use in lighting and utilities. The estimated loss of production for the month is likely to be about 50% of the monthly operating capacity of the plant.
The cyclone has damaged roofing of the product and raw material storage godowns and insulation /cladding sheets of some tanks and equipments. The company is taking all necessary steps required for early resumption of the production. The company has taken Industrial All Risks Policy for the Vizag Unit and the surveyors from Insurance Company are already in the unit assessing the extent of damage.
| Company Name | CMP |
|---|---|
| Coromandel Interntl. | 1868.95 |
| National Fertilizers | 76.63 |
| RCF | 126.25 |
| Chambal Fert & Chem | 452.40 |
| Paradeep Phosphates | 122.60 |
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