Fire broke out at Apollo Tyres’ Kalamassery production unit on the night of September 02, 2012, however, no one was injured. During the shift change, blaze was noticed on the first floor of the unit, which was brought under control after over one-and-a-half hours with at least six fire tenders. In this incident machinery and rubber have been destroyed.
On standalone basis, the company has reported a rise of 69.41% in its net profit at Rs 75.27 crore for first quarter ended June 30, 2012, as compared to Rs 44.43 crore for the same quarter in the previous year. Total income of the company has increased by 9.39% to Rs 2157.34 crore for the quarter under review as compared to Rs 1972.24 crore for the quarter ended June 30, 2011.
