Fire broke out at Banswara Syntex’s unit causing damage to Machinery, Building and Material. The approximate loss by the fire is in tune of Rs 80 lakh. The company has properly covered all assets as above and lodged the insurance claim with the underwriter.
Banswara Syntex is engaged in manufacturing of readymade garments and cotton spinning. Banswara Global is a 100% subsidiary of Banswara Syntex.